121st Maine Legislature
Office of Fiscal and Program Review
LD 163
An Act to Provide Energy Opportunities to Northern Maine
LR 1626(04)
Fiscal Note for Senate Amendment " " to Committee Amendment "A "
Sponsor: Sen Cathcart
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund ($315,000) ($15,000) ($15,000) ($15,000)
Appropriations/Allocations
General Fund ($315,000) ($15,000) ($15,000) ($15,000)
Fiscal Detail and Notes
This amendment eliminates the General Fund appropriation in the bill of $315,000 in fiscal year 2003-04 and $15,000 in fiscal year 2004-05 that had been appropriated for the costs associated with the operation of the Northern Maine Transmission Corporation including the cost of certain studies.  Public Law 1999, c. 513, §6 established the Northern Maine Transmission Corporation Fund to provide funding for the activities of the corporation.  However, since there are currently no funds available in the Fund to support the costs associated with this measure, the elimination of the General Fund appropriations may result in the Finance Authority of Maine and the Northern Maine Transmission Corporation not being able to meet the requirements of this legislation.