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125th MAINE LEGISLATURE |
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LD 1716 |
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LR 2486(01) |
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An Act To Require
Funds for Prearranged Funerals To Be Invested Subject to the Requirements of
the Maine Uniform Prudent Investor Act and To Update Related Provisions |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Beck of Waterville |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$2,500 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The Office of
Professional and Occupational Regulation will require a one-time Other
Special Revenue Funds allocation of $2,500 in fiscal year 2012-13 for the
cost associated with the State Board of Funeral Service adopting rules to
implement the requirements of this legislation. According to officials at the Department of
Professional and Financial Regulation, there are sufficient funds within the
board's existing budget to fund the additional allocations without increasing
fees. |
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