An Act To Offer Zero-interest Loans to Employers Providing Bicycle Facilities LR 1064(02)
Maine Legislature, Session 121, LD 0847
Committee Amendment CA_A_H181 (House)

COMMITTEE AMENDMENT "fI" to H. P. 624, L. D. 
847, Bill, "An 
Act To Offer Zero-interest Loans to Employers Providing Bicycle 
Facili ties" 
Amend 
the bill in 
section 
in 
that part 
designated 
"§IIOO-Z." by striking out all of subsections 2 and 3 (page 1, 
lines 
to 
in L.n. ) 
and inserting in their place the 
following: 
'2. 
Bicycling Assistance 
Loan 
Fund: 
established. 
The 
Bicycling Assistance Loan Fund. referred to in this subchapter as 
"the fund." is established within the authority as a nonlapsing 
fund administered by the authority to carry out the purposes of 
this subchapter. 
The authority may accept and deposit into this 
fund 
any grants, 
donations 
or 
other 
money 
received 
by 
the 
authority for these purposes and any federal 
funds 
or other 
revenues allocated by the Legislature to the fund. 
3. Eligible program costs. 
Eligible program costs are: 
A. Payments to approved lenders equal to the present value 
of the total interest costs charged to the borrower by the 
lender oyer the term of a qualifying loan: and 
h 
Payments to the authority of not more than $16,000 for 
initial 
program 
set-up 
costs 
and 
annual 
program 
administration costs of not more than $3.000 per fiscal year. 
Page l-LRI064(2) 
COMAlflTTEE AMENDMENT 
... j~\ 
COMMITTEE AMENDMENT "A" to H.P. 624, L.D. 847 
The authority shall charge eligible program costs under this 
subsection either to the 
fund or. if insufficient funds 
are 
available in the fund. 
to the Fund for 
a 
Healthy Maine. 
as 
provided in Title 22. section 1511, subsection 6. 
The authority 
may not incur eligible costs for program implementation or loan 
subsidies 
under 
this 
subchapter 
unless 
the 
authority 
first 
determines that sufficient funds exist in the fund or the Fund 
for a Healthy Maine to pay those costs. 
The author! ty may not 
charge more than $50.000 of eligible costs to the Fund for a 
Healthy Maine. 
4. 
Rules. 
The authority shall adopt rules to implement the 
program. 
These rules must include, 
but are not limited to, 
provisions that establish any applicable program fees, criteria 
for determining qualified lenders, eligibility requirements for 
participation in the program by businesses, the maximum amount of 
loan or interest subsidy permitted under the program and the 
maximum term of loans allowed under the program. 
Rules adopted 
under this subsection are routine technical rules pursuant to 
Title 5, chapter 375, subchapter 2-A.' 
Further amend the bill in section 3 by striking out all of 
paragraph I (page 2, lines 1 to 4 in L.D.) and inserting in its 
place the following: 
'I. 
Eligible program costs, as set out in Title 10. section 
1100 -z, subsection 3, charged to the fund by the Finance 
Authority of Maine under the Bicycle Assistance Loan Program 
established in Title 10, chapter 110. subchapter II-A.' 
Further amend the bill by inserting after section 3 the 
following: 
, Sec. 
4. 
Appropriations 
and 
allocations. 
appropriations and allocations are made. 
FINANCE AUTBORIT!' OF MAINE 
FUM - Bicycling Assistance Loan Program 
The 
following 
Initiative: 
Allocates funds 
loan interest rate 
subsidy 
Bicycle Loan Assistance Fund. 
for the administrative costs 
associated with 
implementing 
and 
the 
Fund for a Healthy Maine 
All Other 
Fund for a Healthy Maine Total 
2003-04 
$50,000 
$50,000 
2004-05 
$50,000 
$50,000' 
COMMITTEE AMENDMENT 
'" i~ 
~" 
COMMITTEE AMENDMENT .. A 
.. to H.P. 624, L.D. 847 
SUMMARY 
This 
amendment 
changes 
the 
sources 
of 
funding 
for 
the 
Bicycling Assistance Loan Fund in the Finance Authority of Maine 
to allow it to be capitalized by grants, donations or other money 
received by the authority and any federal funds or other revenues 
allocated by the Legislature to the fund for those purposes. 
Money in that fund is to be used to pay for the Finance Authority 
of 
Maine's 
costs 
to establish and 
administer 
the 
Bicycling 
Assistance Loan Program and for the loan interest rate subsidies 
necessary to provide zero-interest loans to qualifying businesses. 
The authority may not incur eligible costs for 
program 
implementation or 
loan subsidies unless 
the 
authority first 
determines that sufficient funds exist in the fund or the Fund 
for a Healthy Maine to pay those costs, except that the authority 
may not charge more than $50,000 in eligible costs to the Fund 
for a Healthy Maine. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Net Cost (Savings) 
Fund for a Healthy Maine 
Appropriations/Allocations 
Fund for a Healthy Maine 
Fiscal Detail and Notes 
Approved: 04122103 ""ae 
Office of Fiscal and Program Review 
LD847 
An Act To Offer Zero-interest Loans to Employers Providing Bicycle 
Facilities 
LR 1064(02) 
Fiscal Note for Bill as Amended by Committee Amendment" " 
Committee: Business, Research and Economic Development 
Fiscal Note Required: Yes 
Fiscal Note 
2003-04 
2004-05 
$50,000 
$50,000 
$50,000 
$50,000 
Projections 
2005-06 
$50,000 
$50,000 
Projections 
2006-07 
$50,000 
$50,000 
This bill includes Fund for a Healthy Maine allocations of $50,000 in fiscal year 2003-04 and $50,000 in fiscal year 
2004-05 for the Finance Authority of Maine to establish and administer the Bicycling Assistance Loan program if 
sufficient funds are not available from other sources to implement the program. 
LRI064(2) - Fiscal Note - Page 1 of 1