121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1232
		RESOLUTION, Proposing an Amendment to the Constitution of Maine To Increase the State Bonding Limit under Certain Circumstances
		LR 0860(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. McKenney of Cumberland
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-03	General	Bond Issue	Standard
	The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November. If the number or size of the referendum questions increases the ballot length, an additional appropriation of $8,000 or more may be required.
Fiscal Detail and Notes
	If approved by the voters, this resolution will increase the state bonding limit from $2,000,000 to $30,000,000 if and when the Maine Governmental Facilities Authority outstanding debt is $30,000,000 or less and it is prohibited from incurring any additional debt.  If these conditions do not occur, the state bonding limit would not increase.