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123rd MAINE LEGISLATURE |
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LD 2023 |
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LR 2980(02) |
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An Act To Repeal
the Cap on Rental Rates for State Submerged Lands |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Agriculture, Conservation and Forestry |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
| Revenue |
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Other Special Revenue Funds |
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$0 |
$0 |
$140,000 |
$280,000 |
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| Fiscal Detail and
Notes |
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This bill would
repeal, on June 30, 2009, the current
cap of $1,200 per year on rental rates for submerged lands leased from the
State. The Department of Conservation
will develop the amount and rate of increase for these leases by October 28,
2008. It is estimated that Other
Special Revenue Funds revenue would increase by an additional $140,000 per
year starting in fiscal year 2009-10 over the next 5 years to a maximum
annual revenue increase of $700,000.
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