PART V

Sec. V-1. 36 MRSA §4641-B, sub-§4, as enacted by PL 2001, c. 559, Pt. I, §4 and affected by §15, is amended to read:

4. Distribution of State's share of proceeds. The State Tax Assessor shall pay all net receipts received pursuant to this section to the Treasurer of State, and shall at the same time provide the Treasurer of State with documentation showing the amount of revenues derived from the tax imposed by section 4641-A, subsection 1 and the amount of revenues derived from the tax imposed by section 4641-A, subsection 2. The Treasurer of State shall credit 1/2 of the revenues derived from the tax imposed by section 4641-A, subsection 1 to the General Fund and shall monthly pay the remaining 1/2 of such revenues to the Maine State Housing Authority, which shall deposit the funds in the Housing Opportunities for Maine Fund created in Title 30-A, section 4853, except that in fiscal year 2003-04 and fiscal year 2004-05, $7,500,000 of the remaining 1/2 of those revenues must be transferred to the General Fund before any payments are made to the Maine State Housing Authority. The Treasurer of State shall credit to the General Fund all of the revenues derived from the tax imposed by section 4641-A, subsection 2.

Sec. V-2. Transfer of surplus land. Notwithstanding any other provision of law, the Director of the Bureau of General Services within the Department of Administrative and Financial Services is authorized to work with the Maine State Housing Authority to sell or transfer ownership of certain parcels of surplus state-owned land, along with any buildings thereon, to municipalities or nonprofit agencies to meet the requirements of this section. The sale or transfer must be approved by the Commissioner of Administrative and Financial Services. The Maine State Housing Authority shall develop, or cause to be developed, affordable housing on those parcels or shall sell or otherwise dispose of some or all of those parcels and use the proceeds to finance affordable housing in areas of the State experiencing serious shortages of affordable housing.

Sec. V-3. Savings required. Notwithstanding any other provision of law, the Maine State Housing Authority shall implement measures to generate savings from existing resources to maintain assistance to the homeless at the 2002-03 level of assistance, amounting to $2,400,000. The Maine State Housing