123rd MAINE LEGISLATURE
LD 1249 LR 612(02)
An Act To Amend the Composition of the Maine Port Authority
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Transportation
Fiscal Note Required: Yes
             
Fiscal Note
Current biennium cost increase - Maine Port Authority
Minor cost increase - General Fund
Fiscal Detail and Notes
Including employees of the Maine Port Authority in the state employee health insurance program will result in increased costs to the authority to cover the employer costs of participating in the program; the amounts will depend on the number of persons employed by the authority at any one time and can not be determined at this time. In addition, increasing the number of members of the authority's board of directors will increase authority expenses by relatively minor amounts.
Because this legislation requires the Maine Port Authority, as an independent agency, to make the employer contributions for their employees to the Maine State Retirement System, there is no fiscal impact to the System.
Additional costs to the Maine International Trade Center associated with serving on the Maine Port Authority's board of directors can be absorbed within existing budgeted resources.