121st Maine Legislature
Office of Fiscal and Program Review
LD 1512
Resolve, Authorizing the Commissioner of Administrative and Financial Services To Sell Up to 15 Acres of Land and Other Interests of the State at the Long Creek Youth Development Center in South Portland
LR 1975(03)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: State and Local Government
Fiscal Note Required: Yes
   
             
Fiscal Note
Undetermined current biennium revenue decrease - General Fund
Undetermined current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
Selling the interests of the State in certain unimproved land at the Long Creek Youth Development Center in South Portland will result in additional funds being deposited into the Maine State Housing Authority's Housing Opportunities for Maine Fund. If the sale proceeds were not dedicated by this bill, they would be deposited in the General Fund.  The amount will be based on the current market value of the 15 acres as determined by an independent appraiser.