| 122nd MAINE LEGISLATURE | |||||||||
| LD 934 | 0844(01) | ||||||||
| Resolve, To Transfer Ownership of Certain Public Reserved Lands to the Town of Allagash | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Jackson of Fort Kent | |||||||||
| Committee: Agriculture, Conservation and Forestry | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Loss of asset - Other Special Revenue Funds | |||||||||
| Current biennium revenue decrease - Other Special Revenue Funds | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Revenue | |||||||||
| Other Special Revenue Funds | ($18,000) | ($18,000) | ($18,000) | ($18,000) | |||||
| Fiscal Detail and Notes | |||||||||
| The required transfer of certain public lands from the Department of Conservation to the Town of Allagash will result in the loss of an Other Special Revenue Funds asset with an estimated fair market value of $1,875,000. In addition, beginning in fiscal year 2005-06, the department would experience an annual Other Special Revenue Funds revenue loss of $18,000 from timber harvesting revenue. | |||||||||