122nd MAINE LEGISLATURE
LD 489 LR 0536(02)
Resolve, Authorizing the Commissioner of Administrative and Financial Services To Place under Option or Right of First Refusal Certain Property along State Street, Augusta, Maine
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: State and Local Government
Fiscal Note Required: Yes
   
             
Fiscal Note
Minor cost increase - General Fund
Fiscal Detail and Notes
The additional costs associated with authorizing the Commissioner of Administrative and Financial Services to negotiate the terms of an option or right of first refusal for a certain parcel of property can be absorbed by the department utilizing existing budgeted resources.  If the property owner decides to sell and the option is exercised, the Department of Administrative and Financial Services must return to the Legislature for authority and funding to purchase.