LD 1468 LR 1219(04)
An Act To Establish the High-efficiency Biomass Pellet Boiler Rebate Program and the Home Heating Conversion Fund
Fiscal Note for Senate Amendment " " to Original Bill
Sponsor: Sen. Jackson of Aroostook
Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $10,000,000 4.5% $2,475,000 $12,475,000
Referendum Costs Month/Year Election Type Question Length
Nov-13 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 requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.
Fiscal Detail and Notes
This amendment replaces the bill with a $10,000,000 General Fund general obligation bond to provide funding for the new High-efficiency Biomass Pellet Boiler Rebate Program to be adminstered by the Efficiency Maine Trust.