An Act to Establish the Maine Community Development Financial Institution
Maine Legislature, Session 132, LD 1500
Committee Amendment CA_A_SA_A_S477 (Senate)

SENATE AMENDMENT" A "to COMMITTEE AMENDMENT "N' to H.P. 984, 
L.D. 1500, "An Act to Establish the Maine Community Development Financial Institution 
Fund to Support Small Businesses, RUl'al Economic Development and Affordable 
Housing" 
Amend the amendment by inserting after the instructional paragrnph ending on page 1, 
line 23 the following: 
'Amend the bill by striking out all of section 2. 
Amend the bill by striking out all of section 3 and inserting the following: 
'Sec, 3. Appropriations and allocations. The following appropriations and 
allocations are made. 
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF 
Maine Community Development Financial Institution Fund N506 
Initiative: Allocates ongoing funds for grants and loans to eligible institutions and 
enterprises to promote housing and community development, capital access, housing 
access and small business support. 
OTHER SPECIAL REVENUE FUNDS 
All Other 
OTHER SPECIAL REVENUE FUNDS TOTAL 
2025-26 
$500 
$500 
2026-27 
$500 
$500 
Amend the amendment by relettering or renumbering any nonconsecutive Pait letter 01· 
section number to read consecutively. 
SUMMARY 
This amendment removes the transfer of $500,000 from the unappropriated surplus of 
the Genernl Fund to the Department of Economic and Community Development, Maine 
Page l • 132LR1523(05) 
SENATE AMENDMENT 
SENA TE AMENDMENT" A" lo COMMITTEE AMENDMENT "A" to H.P. 984, L.D. 1500 Cs~ li17) 
Community Development Financial Institution Fund. 
It strikes and replaces the 
appropriations and allocations section. 
r;"l( 
r°JA·•?•\ V'-
SPONSORED BY: 
( V 1 ,-
... 
__ 
___. __________ _ 
(Senatoa· ROTUNDO, M.) 
COUNTY: Androscoggin 
FISCAL NOTE REQUIRED 
(See attached) 
SENATE AMENDMENT 
Approved: 06/23/25 l.-RI.-
LD 1500 
LR 1523(05) 
An Act to Establish the Maine Community Development Financial Institution Fund to Support Small 
Businesses, Rural Economic Development and Affordable Housing 
Fiscal Note for Senate An1endmcnt ''A' to Committee Amendment "A" { S- ~1'1) 
Sponsor: Sen. Rotundo of Androscoggin 
Net Cost (Savings) 
General Fund 
Appropdations/Allocations 
Other Special Revenue Funds 
Revenue 
General Fund 
Transfers 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
($700,000) 
($499,500) 
$200,000 
$500,000 
- ($500,000) 
FY 2026-27 
($200,000) 
$500 
$200,000 
$0 
$0 
Projections 
FY 2027-28 
($200,000) 
$500 
$200,000 
$0 
$0 
Projections 
FY 2028-29 
($200,000) 
$500 
$200,000 
$0 
$0 . 
The table amendment removes the one-time transfer of $500,000 in fiscal year 2025-26 from the unappropriated 
surplus of the General Fund to the Maine Community Development Financial Institution Fund within the Department 
of Economic and Comnrnnity Development. It also removes the $200,000 annual loss of revenue to the General Fund. 
Filially, it removes the one-time Other Special Reve11ue Funds allocation and creates an ongoing Other Special 
Revenue Funds allocation to the new Fund of $500 beginning in fiscal year 2025-26. 
LR.1523(05) - Fiscal Note• Pnge l of l