| 122nd MAINE LEGISLATURE | |||||||||
| LD 1871 | LR 3061(02) | ||||||||
| Resolve, Authorizing the Commissioner of Administrative and Financial Services To Convey the Department of Labor Building at 19 Union Street in Augusta | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: State and Local Government | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Potential current biennium cost increase - General Fund | |||||||||
| Potential current biennium revenue increase - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| This resolve authorizes the conveyance of the Department of Labor building and the potential lease of the property located at 19 Union Street in Augusta. The market value of the state property is unknown at this time and will be determined by an independent appraiser. Any proceeds from the sale of the building must be used to extinguish the United States Government's interest in the property. Any rental or lease proceeds that accrue to the State in excess of operating and capital costs must be deposited into the General Fund undedicated revenue account. If the building is sold it must be leased back to the state for use by a state agency with the state being responsible for lease payments to the new owner of the building. Additional costs to the Department of Labor associated with the sale of the building can be absorbed within existing budgeted resources. | |||||||||