126th MAINE LEGISLATURE
		LD 1036		LR 1904(01)
	An Act To Amend the Social Work Education Loan Repayment Program
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Nelson of Falmouth
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2013-14	FY 2014-15	Projections  FY 2015-16	Projections  FY 2016-17
Net Cost (Savings)
	General Fund		$20,000	$20,000	$20,000	$20,000
Appropriations/Allocations
	General Fund		$20,000	$20,000	$20,000	$20,000
Fiscal Detail and Notes
	This bill includes ongoing General Fund appropriations of $20,000 per year beginning in fiscal year 2013-14 to the Finance Authority of Maine (FAME) for the Social Work Education Loan Repayment program.  FAME has indicated it will incur a one-time cost of $10,000 in fiscal year 2013-14 for rulemaking and to set-up its computer system to administer the program.  Title 10, §1038, sub-§4(B) provides that the costs and expenses of maintaining, servicing and administering the fund and of administering the program may be paid out of amounts in the fund.  This fiscal note assumes that FAME will utilize a portion of the fiscal year 2013-14 General Fund appropriation to cover the initial set-up costs and no additional General Fund appropriations to FAME are provided.