| 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. | |||||||