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132nd MAINE LEGISLATURE |
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LD 1106 |
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LR 1918(01) |
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An Act to Provide
Funds for the Redevelopment of the Island Nursing Home in Hancock County into
Affordable Senior Housing |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Eaton of Deer Isle |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2024-25 |
FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
$250,000 |
$0 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
$250,000 |
$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This bill
includes a one-time General Fund appropriation of $250,000 in fiscal year
2024-25 to the Maine State Housing Authority (MSHA) to support the conversion
of the Island Nursing Home in Hancock County into 24 affordable apartments
for senior citizens. Additional costs to MSHA to submit the required report
can be absorbed within existing budgeted resources. |
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