| 123rd MAINE LEGISLATURE | ||||||
| LD 2226 | LR 3400(03) | |||||
| An Act To Amend the Laws Governing the State's Cash Investment Policies | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Appropriations and Financial Affairs | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $724 | $724 | $724 | ||
| Highway Fund | $0 | $6,552 | $6,552 | $6,552 | ||
| Revenue | ||||||
| General Fund | $0 | ($724) | ($724) | ($724) | ||
| Highway Fund | $0 | ($6,552) | ($6,552) | ($6,552) | ||
| Fiscal Detail and Notes | ||||||
| Changing the laws governing the State's Cash Investment Policies will result in a reduction of revenue to the General Fund of $724 annually beginning in fiscal year 2008-09 and a reduction of Highway Fund revenue of $6,552 annually beginning in fiscal year 2008-09. The additional costs associated with developing a reinvestment requirement can be absorbed by the Treasurer of State utilizing existing budgeted resources. | ||||||