| 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. | |||||||