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132nd MAINE LEGISLATURE |
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LD 1653 |
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LR 1346(01) |
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An Act to Develop
Maine's Credentialed Workforce |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Sargent of York |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Establishes unfunded student loan repayment program - Finance
Authority of Maine |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$500 |
$500 |
$500 |
$500 |
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| Fiscal Detail
and Notes |
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This bill
establishes the Maine Credentialed Workforce Program within the Finance
Authority of Maine (FAME) to support the credentialing needs of certain
eligible current and future participants in the State's workforce through
student loan repayments. FAME will
require ongoing base Other Special Revenue Funds allocations of $500 per year
beginning in fiscal year 2025-26 to authorize the expenditure of funds in the
event that monies are received from public and private sources. |
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