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130th MAINE LEGISLATURE |
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LD 1923 |
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LR 2347(03) |
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An Act To
Establish the Maine Space Corporation |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-502) |
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Committee: Innovation, Development, Economic
Advancement and Business |
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| Fiscal Note |
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Minor cost increase - General Fund
Minor revenue increase - General Fund |
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| Correctional and
Judicial Impact Statements |
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Establishes new
Class E crimes
The additional workload associated with the minimal number of new cases
filed in the court system does not require additional funding at this
time. The collection of additional fines
may increase General Fund or other dedicated revenue by minor amounts. |
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| Fiscal Detail
and Notes |
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This bill creates
the Maine Space Corporation as a legal entity to establish the State as a
national and international industry destination and an authority in launching
small launch vehicles and small satellites into polar orbit. The statutory provisions authorized
pursuant to this legislation should result in no financial impact on state
government or state finances. |
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Additional costs
to the University of Maine System, the Maine Community College System and the
Department of Economic and Community Development associated with having
representatives serve on the board of directors and to the Finance Authority
of Maine associated with issuing the required certificate of approval related
to the issuance of bonds can be absorbed within existing budgeted resources. |
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