132nd MAINE LEGISLATURE
LD 2164 LR 2846(02)
An Act to Assist Communities with Converting Vacant School Buildings into Housing
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Housing and Economic Development
Fiscal Note Required: Yes
             
Fiscal Note
FY 2025-26 FY 2026-27 Projections  FY 2027-28 Projections  FY 2028-29
Net Cost (Savings)
General Fund $0 $5,000,000 $5,000,000 $5,000,000
Appropriations/Allocations
General Fund $0 $5,000,000 $5,000,000 $5,000,000
Fiscal Detail and Notes
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.