Approved: 03/25/25 LD 700 LR 2032(01) FY 2025-26 FY 2026-27 Projections FY 2027-28 Projections FY 2028-29 Net Cost (Savings) General Fund $0 $3,400,000 $3,400,000 $3,400,000 Appropriations/Allocations General Fund $0 $3,400,000 $3,400,000 $3,400,000 Fiscal Detail and Notes Preliminary Fiscal Impact Statement The University of Maine System will require ongoing General Fund appropriations of $3.4 million per year beginning in fiscal year 2026-27 for the cost of awarding a waiver of tuition and fees to eligible students who are enrolled full- time at any University of Maine system campus beginning in the 2026-2027 school year. 132nd MAINE LEGISLATURE An Act to Promote Student Enrollment and Degree Completion in the University of Maine System by Awarding Waivers of Tuition and Fees to Eligible Students Preliminary Fiscal Impact Statement for Original Bill Sponsor: Sen. Tipping of Penobscot Committee: Education and Cultural Affairs Fiscal Note Required: Yes LR2032(01) - Fiscal Note - Page 1 of 1