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127th MAINE LEGISLATURE |
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LD 1062 |
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LR 848(02) |
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An Act To Support
Housing for Homeless Veterans |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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This bill includes
a one-time Other Special Revenue Funds allocation of $1,000,000 in fiscal
year 2015-16 to the Maine State Housing Authority 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 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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Additional costs
to the Department of Defense, Veterans and Emergency Services associated with
performing site inspections of the housing can be absorbed within existing
budgeted resources. |
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