| 125th MAINE LEGISLATURE | ||||||
| LD 247 | LR 909(03) | |||||
| An Act To Amend the Gift Card Laws | ||||||
| Fiscal Note for
Bill as Engrossed with: C "A" (H-442) |
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| Committee: Judiciary | ||||||
| Fiscal Note | ||||||
| FY 2011-12 | FY 2012-13 | Projections FY 2013-14 | Projections FY 2014-15 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $0 | $75,000 | $75,000 | ||
| Revenue | ||||||
| General Fund | $0 | $0 | ($75,000) | ($75,000) | ||
| Fiscal Detail and Notes | ||||||
| Providing that gift obligation and stored value cards sold on or after December 31, 2011 are only presumed abandoned if the issuer sells at least $250,000 in face value of gift obligations and stored value cards during the previous calendar year will reduce General Fund revenue by an estimated $75,000 starting in fiscal year 2013-14. | ||||||