An Act to Create the Lobster Innovat10n Fund
Maine Legislature, Session 131, LD 1552
Committee Amendment CA_A_SA_B_S509 (Senate)

SENATE AMENDMENT" 0, to COMMITTEE AMENDMENT "A" to SP 615, 
L D 1552, "An Act to Create the Lobster Innovat10n Fund" 
Amend the amendment by stnking out all of sections 4 and 5 and inserting the 
following 
'Sec. 4. Transfer. Notwithstanding any provision of law to the contrary, on or before 
June 30, 2024, the State Contioller shall transfei $500,000 from the Department of 
Profess10nal and Fmancial Regulat10n, Bureau of Fmancial Institut10ns, Other Special 
Revenue Funds account to the Department of Manne Resources, Lobster Innovation Fund, 
Other Special Revenue Funds account to provide stipends to holders of Class I, Class II or 
Class III lobster fishing licenses to participate in the testing of new lobster fishing 
technologies 
Sec. 5. 
Appropriations and allocations. The following appropriations and 
allocat10ns are made 
MARINE RESOURCES, DEPARTMENT OF 
Lobster Innovation Fund N439 
Imtiative Provides fundmg to provide stipends to holders of Class I, Class II 01 Class III 
lobster fishmg licenses to participate m the testing of new lobster fishing technologies 
OTHER SPECIAL REVENUE FUNDS 
All Other 
OTHER SPECIAL REVENUE FUNDS TOTAL 
2023-24 
$500,000 
$500,000 
2024-25 
$500 
$500 
0 
Amend the amendment by relettei mg or renumbering any nonconsecutive Part lettei or 
section number to read consecutively 
SUMMARY 
This amendment provides for a one-time transfei of $500,000 from the Department of 
Profess10nal and Fmancial Regulat10n, Bureau of Financial Institut10ns, Other Special 
SENATE AMENDMENT 
I 
SENATE AMENDMENT" 13" to COMMITTEE AMENDMENT "A" to SP 615, L D 1552 
Revenue Funds account to the Lobster Innovation Fund and reduces from $2,000,000 to 
$500,000 the Other Special Revenue Funds allocat10n to the Lobster Innovation Fund 
4-r 
SPONSORED BY· ~ - -
(President JACK:ON,T} 
COUNTY: Aroostook 
f- f SCAL NOTE REQUIRED 
(See attached) 
SENATE AMENDMENT 
"'\ 
i 
Approved 07 /21 /23 feae.. 
LD 1552 
LR 171(05) 
An Act to Create the Lobster Innovation Fund 
Fiscal Note for Senate Amendment 'J!J to Committee Amendment "A" 
Sponsor: Pres. J acl<son of Aroostook 
Net Cost (Savmgs) 
Genet al Fund 
Appropriations/ Allocat10ns 
Other Special Revenue Funds 
Transfers 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2023-24 
($2,000,000) 
($1,500,000) 
$2,000,000 
($2,000,000) 
FY 2024-25 
$0 
$0 
$0 
$0 
Pro1ections 
FY 2025-26 
$0 
$0 
$0 
$0 
ProJections 
FY 2026-27 
$0 
$0 
$0 
$0 
This amendment ehmmates the $2,000,000 one-tnne transfer from the unapp1op1iated surplus of the General Fund to 
the Department of Manne Resources, Lobster Innovat10n Fund (LIF), Other Special Revenue Funds account and 
replaces 1t with a one-tnne transfer of $500,000 from the Department of Profess10nal and Financial Regulat10n, 
Bureau of Financial Inst1tut10ns, Other Special Revenue Funds account to the LIF The amendment also reduces the 
fiscal yea1 2023-24 Other Special Revenue Funds allocat10n fo1 the LIF from $2,000,000 to $500,000 
LROl 71(05) - Fiscal Note - Page 1 of 1