| 123rd MAINE LEGISLATURE | ||||||
| LD 1475 | LR 2318(01) | |||||
| An Act To Assist Maine Property Owners of Land near State-owned Railroads | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Grose of Woolwich | ||||||
| Committee: State and Local Government | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Minor cost increase - Other Special Revenue Funds Minor revenue increase - Other Special Revenue Funds |
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| Fiscal Detail and Notes | ||||||
| Requiring the Director of the Bureau of General Services to provide insurance services to allow private landowners to purchase insurance for coverage of land crossing state-owned railroads will result in additional costs to the department that would be offset by Other Special Revenue Funds revenue generated from insurance premiums received. Depending on the number of private landowners seeking assistance, it is expected that this legislation will have a minor financial impact on the Risk Management Division within the Department of Administrative and Financial Services. | ||||||