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129th MAINE LEGISLATURE |
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LD 681 |
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LR 1068(01) |
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An Act To Amend
the Maine Dental Education Loan Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Mastraccio of Sanford |
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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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| Increased maximum loan amount - Maine Dental Education Loan
Program |
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| Fiscal Detail
and Notes |
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Increasing the
maximum amount a loan recipient may receive from the Maine Dental Education
Loan Program from $20,000 per year for up to 4 years to $25,000 per year for
up to 4 years is not expected to impact the total number of loans issued by
the Finance Authority of Maine (FAME) through the 2020-2021 biennium. The loan program currently receives
$237,740 per year in funding from the Fund for a Healthy Maine. LD 1001, the 2020-2021 biennial budget
proposes to continue that funding through the biennium. FAME anticipates that sufficient funding
will be available to support the increase in the loan amount without
affecting the number of loans issued each year unless the annual allocation
from the Fund for a Healthy Maine is reduced or eliminated. |
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