121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1465
		Resolve, Authorizing the Commissioner of Administrative and Financial Services To Sell or Lease the Interests of the State in Certain Real Estate Located in Hallowell
		LR 1989(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
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Revenue
	Other Special Revenue Funds		$1,300,000	$0	$0	$0
Fiscal Detail and Notes
	Selling the interests of the State in certain property located in Hallowell will result in an increase in revenue to the Maine State Housing Authority's Housing Opportunities for Maine Fund of approximately $1.3 million based on an appraisal conducted 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.