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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1709 |
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An Act
To Clarify Financial Management Procedures at the Maine Developmental
Disabilities Council |
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LR 2444(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Bromley of Cumberland |
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Committee: Health and Human Services |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Borrowing authority granted. |
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Fiscal Detail
and Notes |
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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. |
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