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125th MAINE LEGISLATURE |
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LD 1662 |
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LR 2656(01) |
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An Act To Provide
for an Advisory Referendum on the Approval of Tax-exempt Student Loan Revenue
Bonds |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Raye of Washington |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium cost increase - General Fund |
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| Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-12 |
General |
Referendum |
Standard |
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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 requires production
and delivery of a second ballot, an additional appropriation of $107,250 may
be required. |
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| Fiscal Detail
and Notes |
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Because the
referendum is advisory in nature, any impact on the Maine Educational Loan
Authority's ability to issue tax-exempt student loan revenue bonds for future
education loans will depend on subsequent actions by the Legislature and/or
the Governor. |
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