124th MAINE LEGISLATURE
		LD 808		LR 1124(02)
	An Act To Capitalize the Municipal Investment Trust Fund with Municipal Revenue-sharing Resources
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$0	$500,000	$2,409,135	$2,503,563
Appropriations/Allocations
	Other Special Revenue Funds		($500,000)	($500,000)	($500,000)	($500,000)
Revenue
	General Fund		$0	($500,000)	($2,409,135)	($2,503,563)
	Other Special Revenue Funds		($500,000)	($500,000)	($500,000)	($500,000)
Fiscal Detail and Notes
	This bill includes an Other Special Revenue Funds deallocation of $500,000 annually from the Fund for the Efficient Delivery of Local and Regional Services.  The bill also directs money that would have been deposited into this fund to be deposited in the Municipal Investment Trust Fund resulting in an increase of $500,000 in fiscal year 2009-10 and $1,000,000 in fiscal year 2010-11.  The Governor's proposed budget for the 2010-2011 biennium, LD 353, includes changes to the Fund for the Efficient Delivery of Local and Regional Services that will affect this estimate.