121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1177
		An Act To Preserve Public Access and Job Opportunities in the North Woods
		LR 1057(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Cowger of Hallowell
		Committee: Agriculture, Conservation and Forestry
		Fiscal Note Required: Yes
Fiscal Note
Potential future biennium liability - General Fund
Fiscal Detail and Notes
	This bill authorizes the Maine Woods Board to issue up to $200,000,000 in securities at any one time.  Revenue to service the debt, as well as any associated costs, would come from the board's entering into lease, rent or other arrangements for real or personal property it owns or manages.  Whether such arrangements will generate sufficient revenue to support the issuance of revenue bonds or other securities can not be determined at this time.
	Authorizing the issuance of securities by the Maine Woods Board does not specifically extend the moral obligation of the State.  Whether the board's securities increase the exposure of the General Fund to future debt service appropriation requirements in the event of significant default activity can not be determined.
	The creation of the Maine Woods Fund does not involve state funds; Other Special Revenue Funds allocations will not be needed.