Approved: 03/27/24 LD 2280 LR 3133(01) FY 2023-24 FY 2024-25 Projections FY 2025-26 Projections FY 2026-27 Net Cost (Savings) General Fund $0 $12,000,000 $0 $0 Appropriations/Allocations Other Special Revenue Funds $0 $12,000,000 $125,626 $129,770 Transfers General Fund $0 ($12,000,000) $0 $0 Other Special Revenue Funds $0 $12,000,000 $0 $0 Fiscal Detail and Notes Preliminary Fiscal Impact Statement This bill includes Other Special Revenue Funds allocations totaling $12,000,000 in fiscal year 2024-25 to the Maine Apprenticeship Program within the Department of Labor to support registered preapprenticeship training programs. Of this amount, $11,887,635 is allocated on a one-time basis for grants to support the training programs and $112,365 is allocated on an ongoing basis for one Program Manager Employment & Training position and related All Other costs to administer the grant program. A one-time transfer of $12,000,000 from the unappropriated surplus of the General Fund to the Maine Apprenticeship Program is provided in fiscal year 2024-25 to fund the program. 131st MAINE LEGISLATURE An Act to Strengthen Maine's Workforce Through Preapprenticeship Training Programs Preliminary Fiscal Impact Statement for Original Bill Sponsor: Sen. Tipping of Penobscot Committee: Labor and Housing Fiscal Note Required: Yes LR3133(01) - Fiscal Note - Page 1 of 1