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127th MAINE LEGISLATURE |
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LD 1443 |
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LR 2038(01) |
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An Act To Merge
the Maine Educational Loan Authority with the Finance Authority of Maine |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Langley of Hancock |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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No state fiscal impact
Potential savings of administrative costs |
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| Fiscal Detail
and Notes |
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Additional costs
to the Finance Authority of Maine (FAME) and the Maine Educational Loan
Authority (MELA) to merge the MELA function into FAME can be absorbed within
each agency's existing budgeted resources. Over time there may be some
administrative savings from the merger. |
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