| 122nd MAINE LEGISLATURE | |||||||||
| LD 1957 | LR 2604(03) | ||||||||
| An Act To Establish the Midcoast Regional Redevelopment Authority | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Business, Research and Economic Development | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Minor cost increase - General Fund | |||||||||
| Minor revenue increase - General Fund | |||||||||
| Correctional and Judicial Impact Statements | |||||||||
| Establishes a new Class E crime. | |||||||||
| The collection of additional fines may increase General Fund revenue by minor amounts. | |||||||||
| Fiscal Detail and Notes | |||||||||
| This bill establishes the Midcoast Regional Redevelopment Authority as a legal entity entrusted with acquiring and managing properties within the geographic boundaries of the Brunswick Naval Air Station. The statutory provisions authorized pursuant to this legislation should result in no financial impact on state government as well as state finances. | |||||||||
| Additional costs to the Finance Authority of Maine associated with issuing the required certificate of approval can be absorbed utilizing existing budgeted resources. | |||||||||