124th MAINE LEGISLATURE
LD 810 LR 993(01)
An Act To Authorize a General Fund Bond Issue for School Construction and Renovation Projects That Demonstrate Cost Savings
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Mitchell of Kennebec
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $20,000,000 5.0% $5,500,000 $25,500,000
Referendum Costs Month/Year Election Type Question Length
Jun-09 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 June.  If the number or size of the referendum and/or bond questions requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.