123rd MAINE LEGISLATURE
		LD 2300		LR 3607(04)
	An Act To Facilitate the Provision of Educational Loans for Maine Students and Families
	Fiscal Note for Senate Amendment "     "
	Sponsor: Sen. Rotundo of Androscoggin
	Fiscal Note Required: Yes
Fiscal Note
No net fiscal impact
Fiscal Detail and Notes
	This amendment eliminates the provision that required the Governor to pay directly from the State Contingent Account to the capital reserve fund the amount necessary to restore the balance in the Fund to the required amount.
	As amended, this legislation pledges the moral obligation of the State for student loan bonds.  It requires the Finance Authority of Maine to certify to the Governor the amount necessary to restore the balance in the Capital Reserve Fund to no less than the applicable capital reserve requirement and requires the certified amount to be appropriated and paid to the Finance Authority of Maine during that fiscal year.