| 122nd MAINE LEGISLATURE | |||||||||
| LD 626 | LR 2054(03) | ||||||||
| An Act To Require the Net Proceeds from the Sale of a Foreclosed Property To Be Returned to the Former Owner | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $10,000 | $10,500 | $11,025 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $10,000 | $10,500 | $11,025 | |||||
| State Mandate | |||||||||
| New or Expanded Activity | Unit Affected | Costs | |||||||
| Requiring a municipality to place notices with certain information in newspapers within 30 days of the sale of foreclosed property is a mandate. | Municipality | $10,000 | |||||||
| Fiscal Detail and Notes | |||||||||
| Appropriations are included in the bill to fund 90% of the cost of the mandated provisions. | |||||||||