130th MAINE LEGISLATURE
LD 1656 LR 1448(02)
An Act To Promote Energy-efficient Affordable Housing
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor and Housing
Fiscal Note Required: Yes
             
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $25,000,000 $75,000,000 $0 $0
Appropriations/Allocations
General Fund $25,000,000 $75,000,000 $0 $0
Fiscal Detail and Notes
This bill includes one-time, nonlapsing General Fund appropriations of $25,000,000 in fiscal year 2021-22 and $75,000,000 in fiscal year 2022-23 to a newly established Green Housing Construction Program Fund account within the Maine State Housing Authority to provide funding for the construction of energy-efficient affordable housing under the Green Housing Construction Program.  This bill authorizes up to 10% of the program funds, or a maximum of $2,500,000 in fiscal year 2021-22 and $7,500,000 in fiscal year 2022-23 to be used for the program's administrative costs.