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127th MAINE LEGISLATURE |
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LD 1062 |
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LR 848(01) |
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An Act To Support
Housing for Homeless Veterans |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Golden of Lewiston |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Net Cost
(Savings) |
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General Fund |
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$1,000,000 |
$0 |
$0 |
$0 |
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| Appropriations/Allocations |
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Other Special Revenue Funds |
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$1,000,000 |
$0 |
$0 |
$0 |
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| Revenue |
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General Fund |
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($1,000,000) |
$0 |
$0 |
$0 |
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Other Special Revenue Funds |
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$1,000,000 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The Maine State
Housing Authority will require a one-time Other Special Revenue Funds
allocation of $1,000,000 in fiscal year 2015-16 to establish the Homeless
Veterans Housing Fund to support the construction of housing for homeless
veterans by the Volunteers of America on the grounds of the United State
Department of Veterans Affairs medical center in the City of Augusta. This legislation requires that $1,000,000
of the General Fund's share of the Real Estate Transfer Tax in fiscal year
2015-16 be deposited into the Homeless Veterans Housing Fund to be matched on
a 3-to-1 basis by outside sources. Any
funds remaining in the Homeless Veterans Housing Fund at the end of fiscal
year 2016-17 that were not matched by outside funds must be returned to the
General Fund. |
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