124th MAINE LEGISLATURE
		LD 1759		LR 2513(02)
	Resolve, To Transfer the Ownership of the Fort Kent Armory from the Military Bureau to the University of Maine at Fort Kent
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Legal and Veterans Affairs
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium cost increase - General Fund
Fiscal Detail and Notes
	This legislation allows the transfer of the Fort Kent Armory to the University of Maine at Fort Kent for the sum of $1 and would result in minor General Fund savings to the Department of Defense, Veterans and Emergency Management from armory maintenance costs that would no longer need to be met.
	The Department of Administrative and Financial Services currently spends $22,659 per year in debt service on a 2005 bond for improvements to the Fort Kent Armory.  The total amount remaining to be paid over the next 6 years is $135,953.  Transfer of the property will not effect that department's requirement to continue funding these payments.
	The University of Maine System estimates the cost for the removal of asbestos and repair of the roof drain to be approximately $175,000.  Because the University of Maine at Fort Kent has not budgeted for these environmental clean-up costs that would be required if this legislation is approved, a future General Fund appropriation may be required.