LD 438 LR 1185(01)
An Act To Provide Seed Money for the Construction of Senior Housing in the Town of Newport
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Fredette of Newport
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $50,000 $0 $0 $0
General Fund $50,000 $0 $0 $0
Fiscal Detail and Notes
This bill includes a one-time General Fund appropriation of $50,000 in fiscal year 2011-12 to provide seed funding for the construction of senior housing in the Town of Newport.  This funding is contingent upon the community contributing matching funds on a one-to-one basis.