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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1412 |
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Resolve,
Authorizing the Commissioner of Administrative and Financial Services To
Increase the Ground Lease Term at the Long Creek Youth Development Center
from 50 to 90 Years |
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LR 1988(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. McLaughlin |
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Committee: State and Local Government |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Potential future biennium revenue increase - General Fund |
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Fiscal Detail
and Notes |
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The
fiscal impact of extending the ground lease term of the specified property at
the Long Creek Youth Development Center can not be determined at this
time. Currently an option agreement
exists between the state and another entity that stipulates that financial
terms must be reached by June of 2003.
Given this current situation,
it is unknown what the terms for extending this lease to 90 years will
be. |
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