121st Maine Legislature
Office of Fiscal and Program Review
LD 1412
Resolve, Authorizing the Commissioner of Administrative and Financial Services To Increase the Ground Lease Term at the Long Creek Youth Development Center from 50 to 90 Years
LR 1988(01)
Fiscal Note for Original Bill
Sponsor: Rep. McLaughlin
Committee: State and Local Government
  Fiscal Note Required: Yes
   
             
Fiscal Note
Potential future biennium revenue increase - General Fund
Fiscal Detail and Notes
The fiscal impact of extending the ground lease term of the specified property at the Long Creek Youth Development Center can not be determined at this time.  Currently an option agreement exists between the state and another entity that stipulates that financial terms must be reached by June of 2003.  Given this current situation,  it is unknown what the terms for extending this lease to 90 years will be.