122nd MAINE LEGISLATURE
LD 890 LR 1884(01)
An Act To Authorize a General Fund Bond Issue for Certain State Parks
Fiscal Note for Original Bill
Sponsor: Sen. Weston of Waldo
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
   
             
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 $8,000,000 3.7% $1,628,000 $9,628,000
Referendum Costs Month/Year Election Type Question Length
Nov-05 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.