121st Maine Legislature
Office of Fiscal and Program Review
LD 1464
Resolve, Amending the Commissioner of Administrative and Financial Services' Authorization To Convey a Portion of the Kennebec Arsenal in Augusta Pursuant to Resolve 1999, Chapter 56 and To Direct Proceeds from the Sale of the Maine State Prison Property in Thomaston
LR 1987(02)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: State and Local Government
Fiscal Note Required: Yes
   
             
Fiscal Note
Potential current biennium revenue decrease - General Fund
Potential current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
Selling the interests of the State in the Kennebec Arsenal property in Augusta and the Maine State Prison property in Thomaston will result in an increase in revenue to the Maine State Housing Authority's Housing Opportunities for Maine Fund in an amount to be determined by an independent appraiser.  If these funds were not dedicated by the bill, the revenue would go to the General Fund.  Chapter 20 of the Public Laws of 2003 authorized the use of the proceeds from the sale of parcels of land to finance affordable housing.