LD 1604 LR 2321(02)
Resolve, To Amend Authorization To Sell Certain Property in Augusta
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: State and Local Government
Fiscal Note Required: Yes
Fiscal Note
Increased eligibility to purchase enhances probability of sale
Fiscal Detail and Notes
Current law allows certain state property to be sold only to nonprofit organizations who agree to use the property for transitional housing for veterans. Adding public-private partnerships to eligible purchasers and adding substance abuse for veterans to the allowable uses of the property may increase the probability of a sale and increase the probability that sales proceeds are credited to the Capital Construction and Improvement Reserve Fund within the Bureau of General Services within the Department of Administrative and Financial Services.