122nd MAINE LEGISLATURE
		LD 506		LR 0239(01)
	An Act To Abolish the Maine Clean Election Act
	Fiscal Note for Original Bill
	Sponsor: Rep. Davis of Falmouth
	Committee: Legal and Veterans Affairs
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		($2,198,578)	($2,196,267)	($2,194,655)	($2,192,441)
Appropriations/Allocations
	General Fund		$51,422	$53,733	$55,345	$57,559
	Other Special Revenue Funds		($7,357,977)	($3,443,726)	($3,099,079)	($2,516,615)
Revenue
	Other Special Revenue Funds		($5,108,029)	($1,193,726)	($480,170)	($310,850)
Transfers
	General Fund		$2,250,000	$2,250,000	$2,250,000	$2,250,000
	Other Special Revenue Funds		($2,250,000)	($2,250,000)	($2,250,000)	($2,250,000)
Fiscal Detail and Notes
	The repeal of the Maine Clean Election Act would result in net savings to the General Fund of $2,198,578 and $2,196,267 in fiscal years 2005-06 and 2006-07, respectively.  These amounts reflect the net savings between scheduled transfers to the Maine Clean Election Fund that would not have to be made and additional salary costs which would now have to be paid by the General Fund.  The Commission on Governmental Ethics and Election Practices would require Other Special Revenue Funds deallocations of $7,357,977 and $3,443,726 in fiscal years 2005-06 and 2006-07, respectively.  The commission would also experience a loss in budgeted Other Special Revenue Funds revenue in the amounts of $5,108,029 and $1,193,726 for the same time period.
	Upon the effective date of repeal, the Maine Clean Election Fund is likely to have an unspent balance remaining in the fund; the amounts can not be determined at this time and the disposition of these remaining funds is not addressed in the bill.