LD 401 LR 1331(01)
An Act To Enhance Penalties To Protect Senior Investors
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Katz of Kennebec
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund ($20,000) ($20,000) ($20,000) ($20,000)
General Fund $20,000 $20,000 $20,000 $20,000
Correctional and Judicial Impact Statements
The collection of additional fines may also increase General Fund revenue by minor amounts.
Fiscal Detail and Notes
Assumes an increase in General Fund fine revenue of $20,000 per year as a result of enhancing the penalties for violations of the Maine Uniform Security Act that affect citizens 65 years of age or older.