An Act To Encourage the Construction of Affordable Housing
Maine Legislature, Session 128, LD 1461
Committee Amendment CA_B_S471 (Senate)
Amends: 36 MRSA §4641-B

COMMITTEE AMENDMENT " e,,, to S.P. 507, L.D. 1461, Bill, "An Act To 
Encourage the Construction of Affordable Housing" 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
'Sec. 1. 36 MRSA §4641-B, sub-§4-B, ~' as amended by PL 2017, c. 284, Pt. 
AAAAAAA, § 1, is further amended to read: 
E. In fiscal year 2015-16 and each fiscal year thereafter, the Treasurer of State shall 
credit the revenues derived from the tax imposed pursuant to section 4641-A, 
subsection 1 in accordance with this paragraph. 
(1) At the beginning of the fiscal year, the Maine State Housing Authority shall 
certify to the Treasurer of State the amount that is necessary and sufficient to 
meet the authority's obligations relating to bonds issued or planned to be issued 
by the authority under Title 30-A, section 4864. 
(2) On a monthly basis the Treasurer of State shall apply 50% of the revenues in 
accordance with this subparagraph except that in each fiscal year from fiscal year 
2019-20 to fiscal year 2024-25 the Treasurer of State shall apply annually 50% of 
the revenues, reduced by $4,000,000 in accordance with this paragraph. The 
Treasurer of State shall first pay revenues available under this subparagraph to 
the Maine State Housing Authority, which shall deposit the funds in the Maine 
Energy, Housing and Economic Recovery Fund established in Title 30-A, section 
4863, until the amount paid equals the amount certified by the Maine State 
Housing Authority under subparagraph (1), after which the Treasurer of State 
shall credit any remaining revenues available under this subparagraph to the 
General Fund. 
(3) On a monthly basis, the Treasurer of State shall credit 50% of the revenues to 
the Maine State Housing Authority, except that, notwithstanding paragraph F, in 
fiscal year 2015-16, the Treasurer of State shall first credit $6,291,740 of the 
revenues available under this subparagraph to the General Fund and except that, 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" 0" to S.P. 507, L.D. 1461 
notwithstanding paragraph F, in fiscal year 2016-17, the Treasurer of State shall 
first credit $6,090,367 of the revenues available under this subparagraph to the 
General Fund and except that, notwithstanding paragraph F, in fiscal years 
2017-18 and 2018-19, the Treasurer of State shall first credit $2,500,000 of the 
revenues available under this subparagraph to the General Fund and except that 
in each fiscal year from fiscal year 2019-20 to fiscal year 2024-25 the Treasurer 
of State shall credit annually 50% of the revenues available under this paragraph 
plus $4,000,000 of the revenues available under this paragraph to the Maine State 
Housing Authority. The Maine State Housing Authority shall deposit the funds 
received pursuant to this subparagraph in the Housing Opportunities for Maine 
Fund created in Title 30-A, section 4853.' 
SUMMARY 
This amendment is the minority report of the committee and replaces the bill. The 
amendment provides funds for affordable housing development by increasing annually 
the distribution of revenue from the real estate transfer tax to the Housing Opportunities 
for Maine Fund by $4,000,000 in each fiscal year from fiscal year 2019-20 to fiscal year 
2024-25 in order to increase the availability of affordable housing. 
FISCAL NOTE REQU1RED 
(See Attached) 
COMMITTEE AMENDMENT 
Net Cost (Savings) 
General Fund 
'Revenue 
General Fund 
Approved: 04/10/18 fea:c 
LD 1461 
LR 1619(03) 
An Act To Encourage the Construction of Affordable Housing 
Fiscal Note for Bill as Amended by Committee Amendment '/b' (, S -LJ10 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2017-18 
FY 2018-19 
$0 
$0 
Projections 
FY2019-20 
$4,000,000 
Projections 
FY 2020-21 
$4,000,000 
Other Special Revenue Funds 
$0 
$0 
$0 
$0 
($4,000,000) 
$4,000,000 
($4,000,000) 
$4,000,000 
Fiscal Detail and Notes 
This bill provides funds for affordable housing development by increasing the distribution of revenue from the real 
estate transfer tax to the Housing Opportunities for Maine Fund by $4,000,000 per year beginning in fiscal year 2019-
and ending in fiscal year 2024-25. The amount now going to the General Fund will be reduced by $4,000,000. 
LR1619(03) - Fiscal Note - Page I of I