LD 1848 LR 2580(01)
An Act To Authorize a General Fund Bond Issue To Provide Broadband Internet Infrastructure in Unserved and Underserved Areas of the State, Maintenance and Improvement of the Maine National Guard Armories, Readiness Centers and Support Facilities and Capital Improvements and Equipment Purchases for Career and Technical Education Centers
Fiscal Note for Original Bill
Sponsor: Sen. Herbig of Waldo
Committee: Not Referred
Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $23,000,000 4.25% $5,376,250 $28,376,250
Referendum Costs Month/Year Election Type Question Length
Nov-19 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 $172,000 may be required.