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129th MAINE LEGISLATURE |
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LD 509 |
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LR 2193(01) |
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An Act To Increase
the Minimum Grant Amount under the Maine State Grant Program |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Pierce of Falmouth |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$9,450,000 |
$9,450,000 |
$9,450,000 |
$9,450,000 |
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| Appropriations/Allocations |
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General Fund |
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$9,450,000 |
$9,450,000 |
$9,450,000 |
$9,450,000 |
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| Fiscal Detail
and Notes |
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This bill includes
ongoing General Fund appropriations of $9,450,000 per year beginning in
fiscal year 2019-20 to the Student Financial Assistance Programs within the
Finance Authority of Maine to support the increase in the minimum grant award
under the Maine State Grant Program from $1,000 to $2,500. |
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