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123rd MAINE LEGISLATURE |
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LD 1019 |
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LR 70(01) |
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An Act To
Authorize a General Fund Bond Issue To Replenish the School Revolving
Renovation Fund |
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Fiscal Note for
Original Bill |
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Sponsor: Sen. Bowman of York |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$25,000,000 |
5.0% |
$6,875,000 |
$31,875,000 |
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| Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-07 |
General |
Bond Issue |
Standard |
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| Fiscal Detail
and Notes |
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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.
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