LD 1053 LR 1809(03)
An Act To Authorize a General Fund Bond Issue To Stimulate Investment in Innovation by Maine Businesses To Produce Nationally and Globally Competitive Products and Services
Fiscal Note for Bill as Engrossed with:
C "A" (H-680)
Committee: Appropriations and Financial Affairs
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $50,000,000 4.5% $12,375,000 $62,375,000
Referendum Costs Month/Year Election Type Question Length
Jun-17 General Bond Issue Standard
The Secretary of State's budget does not include funding for the June 2017 election.  The department would require a General Fund appropriation of $155,000 to cover the costs of producing and delivering the ballots and the Citizen's Guide to the Referendum Election.