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125th MAINE LEGISLATURE |
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LD 1885 |
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LR 2792(02) |
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An Act To Amend
the Laws Pertaining to the Maine Economic Improvement Fund |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Potential Impact on Grant Funding - University of Maine System |
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| Fiscal Detail
and Notes |
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Requiring the
University of Maine System to reallocate a percentage of the annual General
Fund appropriation it receives for research and development (R&D) from
existing programs at the University of Maine and the University of Southern
Maine to support R&D efforts at its other campuses may impact the amount
of grant funds that it is able to leverage.
The University of Maine System reports a leverage rate of 4.5 to 1 for
its existing programs. The total
impact will depend on the actual leverage rate achieved at the other
University of Maine campuses for the R&D funding. |
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Additional costs
to the University of Maine System to provide the additional information in
their annual report can be absorbed within existing budgeted resources. |
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