| 122nd MAINE LEGISLATURE | |||||||||
| LD 586 | LR 0086(01) | ||||||||
| An Act To Authorize a General Bond Issue To Improve the Quality and Safety of Teaching and Science Laboratories | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Schneider of Penobscot | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $50,000,000 | 3.7% | $10,175,000 | $60,175,000 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Nov-05 | General | Referendum | 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. | |||||||||