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129th MAINE LEGISLATURE |
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LD 347 |
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LR 1484(02) |
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An Act To Provide
Sustainable Funding for Drinking Water and Wastewater Infrastructure |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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Fiscal Note |
Future biennium revenue decrease - Maine Budget Stabilization
Fund
Future biennium revenue increase - Other Special Revenue Funds |
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Fiscal Detail and
Notes |
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This bill would
change how the revenues from the Liquor Operation Revenue Fund (LORF) are
used after all liquor operation revenue bonds and ancillary obligations have
been paid off in fiscal year 2023-24. Current law requires that after the
bonds are paid off 15% of the revenue is to be divided equally between the
Department of Health and Human Services and the Department of Environmental
Protection for revolving loan funds for drinking water systems and wastewater
treatment, 35% will go to the Department of Transportation for construction
of highways and bridges and 50% will go to the Maine Budget Stabilization
Fund. |
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The new
distribution of the LORF revenue after fiscal year 2023-24 would be as
follows: 30% instead of 15% is to be divided 45/55 instead of equally between
the DHHS and the DEP with 45% to DHHS for revolving loans for drinking water
systems and 55% to the DEP for revolving loans for wastewater treatment; 35%
will still go to the Department of Transportation for construction of
highways and bridges and 35% instead of 50% will go to the Maine Budget
Stabilization Fund. These changes would all occur after June of 2024. |
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The bill also
contains provisions to maximize the amount of federal matching funds that may
be received for the drinking water and wastewater programs. |
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