Approved: 04/08/24
LD 1929 LR 1086(04)
FY 2023-24 FY 2024-25
Projections
FY 2025-26
Projections
FY 2026-27
Net Cost (Savings)
General Fund $0 $0 $15,000 $6,350
Revenue
Other Special Revenue Funds $0 $0 ($15,000) ($6,350)
Transfers
General Fund $0 $0 ($15,000) ($6,350)
Other Special Revenue Funds $0 $0 $15,000 $6,350
Fiscal Detail and Notes
Increasing the contract price from $10,000 to $15,000 that a residential general contractor may not exceed in
performing residential construction without a license issued by the Residential Construction Board and exempting
contractors providing services to the Efficiency Maine Trust or the Maine State Housing Authority will reduce the
amount of revenue received by the board from initial licensing and renewal fees due to fewer licenses being issued
and renewed. This fiscal note assumes that the provisions in this amendment will reduce the number of contractors
that will be required to be licensed from 600 to 540, or 10%. It also assumes the same reduction for renewals and new
licenses in future years. The reduction in dedicated revenue is estimated to be approximately $15,000 in fiscal year
2025-26 and $6,350 per year beginning in fiscal year 2026-27. The reduction in revenue will increase the amount of
General Fund monies that will need to be transferred to support the work of the board.
Fiscal Note
131st MAINE LEGISLATURE
An Act to Protect Consumers by Licensing Home Building Contractors
Fiscal Note for House Amendment " " to Committee Amendment "A"
Sponsor: Rep. Roberts of South Berwick
Fiscal Note Required: Yes
LR1086(04) - Fiscal Note - Page 1 of 1