121st Maine Legislature
Office of Fiscal and Program Review
LD 1709
An Act To Clarify Financial Management Procedures at the Maine Developmental Disabilities Council
LR 2444(01)
Fiscal Note for Original Bill
Sponsor: Sen. Bromley of Cumberland
Committee: Health and Human Services
Fiscal Note Required: Yes
   
             
Fiscal Note
Borrowing authority granted.
Fiscal Detail and Notes
This bill establishes borrowing authority for the Maine Developmental Disabilities Council.  Proceeds will be used to pay operating expenses in anticipation of receipt of federal funds when such funds are not received in a timely fashion.  The Council will incur interest costs for any borrowings.