125th MAINE LEGISLATURE
		LD 1904		LR 2863(02)
	An Act To Create the Leased Space Reserve Fund and To Amend the Law Regarding the Issuance of Securities under the Maine Governmental Facilities Authority
	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 Potential current biennium revenue increase - Other Special Revenue Funds
			FY 2011-12	FY 2012-13	Projections  FY 2013-14	Projections  FY 2014-15
Appropriations/Allocations
	Other Special Revenue Funds		$0	$500	$500	$500
Fiscal Detail and Notes
	Authorizing the use of existing authority to issue securities under the Maine Government Facilities Authority will increase General Fund debt service costs, including debt service on the Sewall Street properties.  The amount can not be determined at this time and will depend on the amount and timing of the issuance.  This bill includes a $500 Other Special Revenue Funds allocation in fiscal year 2012-13 to establish the Leased Space Reserve Fund Program within the Department of Administrative and Financial Services to be supported by one half of the identified leased space savings.  This bill may also increase General Fund resources since the other half of identified savings must be transferred to unappropriated surplus. The Department of Administrative and Financial Services may also experience an increase in Other Special Revenue Funds if the Bangor property is sold to Bangor Hydro Electric Company.  The amount cannot be estimated at this time.