126th MAINE LEGISLATURE
LD 368 LR 1540(02)
An Act To Ensure the Continuation of Dairy Farming
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Agriculture, Conservation and Forestry
Fiscal Note Required: Yes
             
Fiscal Note
FY 2013-14 FY 2014-15 Projections  FY 2015-16 Projections  FY 2016-17
Net Cost (Savings)
General Fund $1,251,442 $2,453,222 $2,455,878 $2,458,560
Appropriations/Allocations
Other Special Revenue Funds $1,251,442 $2,453,222 $2,455,878 $2,458,560
Revenue
General Fund ($1,251,442) ($2,453,222) ($2,455,878) ($2,458,560)
Other Special Revenue Funds $1,251,442 $2,453,222 $2,455,878 $2,458,560
Fiscal Detail and Notes
This legislation makes changes to the calculation of base price in calculating payments made through the dairy stabilization program.  It also eliminates the distribution of 1/2% of net slot machine income from the Oxford Casino to the dairy stabilization program and increases the distribution to the Dairy Improvement Fund within the Finance Authority of Maine from 1/2% to 1%.  The result of these changes is an additional transfer from the General Fund to the dairy stabilization program of $1,251,442 in fiscal year 2013-14 and $2,453,222 in fiscal year 2014-15.  The bill includes Other Special Revenue Funds allocations of $988,527 in fiscal year 2013-14 and $2,187,678 in fiscal year 2014-15 to the Department of Agriculture, Conservation and Forestry and Other Special Revenue Funds allocations to the Finance Authority of Maine of $262,915 in fiscal year 2013-14 and $265,544 in fiscal year 2014-15.