| 122nd MAINE LEGISLATURE | |||||||||
| LD 1478 | LR 1155(01) | ||||||||
| An Act To Clarify Rights of Retainage in Public Improvement Construction Contracts | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Mills of Somerset | |||||||||
| Committee: State and Local Government | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $48,275 | $37,700 | $38,831 | $39,996 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $48,275 | $37,700 | $38,831 | $39,996 | |||||
| Fiscal Detail and Notes | |||||||||
| This legislation will require a General Fund appropriation to the Treasurer of State in the amount of $48,275 in fiscal year 2005-06 and $37,700 in fiscal year 2006-07. This appropriation will provide funds for an additional staff position and required software to assist in managing retainage as prescribed by the bill. | |||||||||