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131st MAINE LEGISLATURE |
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LD 638 |
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LR 1633(01) |
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Resolve, Directing
the Maine State Housing Authority to Study Strategies for Improving Abandoned
Properties and Developing Housing Infrastructure |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Malon, II of Biddeford |
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Committee: Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$100,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$100,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The Maine State
Housing Authority (MSHA) will require a one-time General Fund appropriation
of $100,000 in fiscal year 2024-25 to contract with a consultant to perform
the required study of strategies for improving abandoned properties and
prepare the required strategies for municipal governments and regional
organizations to create incentives for land improvements. According to MSHA, it does not have staff
with expertise in land-use planning and economic development to conduct the
study in-house. |
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