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132nd MAINE LEGISLATURE |
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LD 2164 |
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LR 2846(02) |
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An Act to Assist
Communities with Converting Vacant School Buildings into 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 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$5,000,000 |
$5,000,000 |
$5,000,000 |
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| Fiscal Detail
and Notes |
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The bill provides
an ongoing General Fund appropriation of $5,000,000 beginning in fiscal year
2026-27 for a new Maine School Conversion Fund program in the Maine
Redevelopment Land Bank Authority to assist municipalities with converting
unused school buildings into properties that provide residential housing. |
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