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130th MAINE LEGISLATURE |
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LD 730 |
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LR 900(04) |
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An Act To Protect
Economic Competitiveness in Maine by Extending the End Date for Pine Tree
Development Zone Benefits |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Breen of Cumberland |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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($85,340) |
($358,342) |
($780,512) |
($1,094,031) |
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| Appropriations/Allocations |
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General Fund |
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($70,903) |
($93,655) |
($96,512) |
($99,461) |
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| Revenue |
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General Fund |
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$14,437 |
$264,687 |
$684,000 |
$994,570 |
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Other Special Revenue Funds |
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$563 |
$10,313 |
$36,000 |
$52,330 |
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| Fiscal Detail
and Notes |
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This amendment
removes the extension of benefits from the Pine Tree Development Zone program
and restores General Fund and Local Government Fund revenue in fiscal years
2021-22 and 2022-23. It also removes the General Fund appropriation to the
Department of Administrative and Financial Services of $70,903 in fiscal year
2021-22 and $93,655 in fiscal year 2022-23 from the bill. |
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This amendment
transfers responsibility for the Citizen Trade Policy Commission from the
Legislature to the Maine International Trade Center within the Department of
Economic and Community Development (DECD) beginning in fiscal year 2022-23.
The amendment includes ongoing General Fund appropriations of $27,620 per
year beginning in fiscal year 2022-23 to the International Commerce program
within DECD and corresponding General Fund deappropriations to the Citizen
Trade Policy Commission within the Legislature to transfer the funding from
the Legislature to DECD. |
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