| 123rd MAINE LEGISLATURE | ||||||
| LD 2023 | LR 2980(01) | |||||
| An Act To Repeal the Cap on Rental Rates for State Submerged Lands | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Flood of Winthrop | ||||||
| Committee: Agriculture, Conservation and Forestry | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Revenue | ||||||
| Other Special Revenue Funds | $0 | $140,000 | $280,000 | $420,000 | ||
| Fiscal Detail and Notes | ||||||
| This bill would repeal the current cap of $1,200 per year on rental rates for submerged lands leased from the State and would result in increased Other Special Revenue Funds revenue to the Department of Conservation of $140,000 in fiscal year 2008-2009. It is assumed that revenue would increase by an additional $140,000 per year over the next 5 years to a maximun annual revenue increase of $700,000. | ||||||