LD 243 LR 2223(05)
An Act To Amend the Marijuana Legalization Act to Provide Licensing, Rulemaking and Regulatory and Enforcement Authority within the Department of Administrative and Financial Services; Assign Rulemaking, Regulatory and Enforcement Authority Related to Agricultural Purposes to the Department of Agriculture, Conservation and Forestry; and Allocate Funds for Implementation
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Hamper of Oxford
Fiscal Note Required: Yes
Fiscal Note
FY 2016-17 FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund ($200,000) $200,000 $0 $0 $0
General Fund ($200,000) $200,000 $0 $0 $0
Other Special Revenue Funds ($1,399,500) $1,400,000 $0 $0 $0
Fiscal Detail and Notes
Despite containing emergency language in this bill, the end of fiscal year 2016-17 will arrive before the spending envisioned by the bill can occur. This amendment moves the appropriations and allocations authorized in fiscal year 2016-17 to fiscal year 2017-18 except for a $500 allocation which will still be needed in fiscal year 2016-17 to establish the newly created Retail Marijuana Regulatory Coordination Fund. As amended, the $1,400,000 transfer from the General Fund to the new fund will still occur in fiscal year 2016-17 and the funding will carry forward to be spent in fiscal year 2017-18.