131st MAINE LEGISLATURE
LD 230 LR 511(01)
Resolve, to Require the Maine National Guard to Sell Certain Property in Hallowell
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Shagoury of Hallowell
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Potential reduced revenue on sale of property - Other Special Revenue Funds
Fiscal Detail and Notes
Under current law any inspected property that the Adjutant General determines to be unfit for use by the military may be sold at no less than its appraised value as determined by a person licensed as a real estate appraiser. This bill notwithstands that requirement and directs him to sell a certain parcel of land in Hallowell to the City of Hallowell for an amount not to exceed $1. Any such sale below market value would reduce revenue to the Capital Repair, Maintenance, Construction and Acquisition Account of the Military Bureau.