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132nd MAINE LEGISLATURE |
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LD 1106 |
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LR 1918(02) |
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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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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Housing and Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 apartments for eligible
individuals 55 years of age or older. Additional costs to MSHA to submit the
required report can be absorbed within existing budgeted resources. |
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