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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1464 |
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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 |
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LR 1987(02) |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: State and Local Government |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Potential
current biennium revenue decrease - General Fund |
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Potential current biennium revenue increase - Other Special
Revenue Funds |
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Fiscal Detail
and Notes |
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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. |
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