122nd MAINE LEGISLATURE
LD 450 LR 0539(02)
Resolve, Authorizing the State Tax Assessor To Convey the Interest of the State in Certain Real Estate in the Unorganized Territory
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
   
             
Fiscal Note
Minor revenue increase - Other Special Revenue funds
Minor cost increase - Other Special Revenue funds
Fiscal Detail and Notes
The funds received as a result of the sales of real estate contained in this Resolve and located in the Unorganized Territory will accrue as dedicated revenue to the Unorganized Territory Education and Services Fund.  The amount of additional dedicated revenue will depend on the prices received for the real estate.  The additional dedicated revenue will be available to reduce future tax assessments in the Unorganized Territory.