LD 518 LR 541(01)
Resolve, Authorizing the State Tax Assessor To Convey the Interest of the State in Certain Real Estate in the Unorganized Territory
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Trahan of Lincoln
Committee: Taxation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
This resolve authorizes the State Tax Assessor to convey the interest of the State in several parcels of real estate in the Unorganized Territory (UT).  The funds received as a result of these sales will accrue as dedicated revenue to the Unorganized Territory Education and Services Fund.  The amounts received for these sales will depend on sale prices.  The additional revenue from such sales will be available to reduce future tax assessments in the UT.