An Act To Provide Funds to the Town of Millinocket Due to the Loss in Valuation of the Katahdin Paper Company

Sec. 1. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Miscellaneous Acts and Resolves - Finance 0306

Initiative: Provides a one-time appropriation in fiscal year 2015-16 of $216,000 to the Town of Millinocket for the loss of taxable value suffered with the sale of the Katahdin Paper Company paper mill to GNP West, Inc.

GENERAL FUND	2015-16	2016-17
All Other	$216,000	$0
GENERAL FUND TOTAL	$216,000	$0

SUMMARY

This bill provides a one-time appropriation in fiscal year 2015-16 of $216,000 to the Town of Millinocket for the loss of taxable value suffered with the sale of the Katahdin Paper Company paper mill to GNP West, Inc.