128th MAINE LEGISLATURE
LD 832 LR 483(01)
An Act To Carry Out the Will of the People of the State of Maine by Ensuring the Issuance of Bonds To Support the Independence of Maine's Seniors
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Katz of Kennebec
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Bonds already authorized must be issued
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $15,000,000 4.75% $3,918,750 $18,918,750
Fiscal Detail and Notes
This bill requires bonds for senior housing that have already been authorized by the voters but have not yet been issued to be issued.
Additional costs to the Maine State Housing Authority to issue certain required notifications and prepare a required annual report can be absorbed within existing budgeted resources.