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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1325 |
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An Act
To Encourage and Support Maine Owner-operated Small Businesses |
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LR 1593(02) |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: Business, Research and Economic
Development |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$0 |
$840 |
$840 |
$840 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$840 |
$840 |
$840 |
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Fiscal Detail
and Notes |
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Adding
the House and Senate Chair of the Joint Standing Committee on Business,
Research and Economic Development as members to the Maine Small Business and
Entrepreneurship Commission will require ongoing General Fund appropriations
to the Legislature of $840 annually beginning in fiscal year 2004-05. This appropriation will provide funds for
the per diem and expenses for the two legislators on an ongoing basis. |
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Additional
costs to the Department of Economic and Community Development associated with
providing live on-line assistance to address questions concerning the
establishment of a business in the State can be absorbed utilizing existing
budgeted resources. |
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Additional
costs to the Department of Economic and Community Development, the Department
of Administrative and Financial Services, the Department of Human Services,
Maine Revenue Services, and the Department of Labor associated with working
with InforME to include the on-line application and submission of forms for
licensure as a business as part of its services by January 1, 2006 can be
absorbed utilizing existing budgeted resources. |
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