Approved: 02/10/23
LD 193 LR 300(01)
Fiscal Detail and Notes
131st MAINE LEGISLATURE
An Act to Provide Excess General Fund Revenue to the School Revolving Renovation Fund and the
Education Stabilization Fund
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Pierce of Cumberland
Committee: Appropriations and Financial Affairs
This bill proposes to lower the percentage of funding distributed to the BSF from 80% to 40% and redistribute that
40% to the School Revolving Renovation Fund (20%) and the Education Stabilization Fund (20%).
Current law provides that, at the close of any fiscal year, balances remaining in the unappropriated surplus of the
General Fund after other priority transfers have been made as part of the so called "cascade" be distributed 80% to the
Maine Budget Stabilization Fund (BSF) and 20% to the Highway and Bridge Capital program.
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Redistribution of final priority transfers
Reduces funding to the Maine Budget Stabilization Fund
LR0300(01) - Fiscal Note - Page 1 of 1