| 122nd MAINE LEGISLATURE | |||||||||
| LD 999 | LR 2236(01) | ||||||||
| An Act To Authorize a General Fund Bond Issue To Provide Funds for Building Renovations at Campuses of the University of Maine System, the University of Southern Maine and the Maine Community College System | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Schneider of Penobscot | |||||||||
| 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 | $12,000,000 | 3.7% | $2,442,000 | $14,442,000 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Jun-05 | Special | 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. A special election would require an additional appropriation of $139,560. | |||||||||