LD 2134 LR 3225(07)
An Act To Authorize a General Fund Bond Issue for Infrastructure To Improve Transportation and Internet Connections
Fiscal Note for Bill as Engrossed with:
C "A" (H-769)
S "A" (S-449)
Committee: Appropriations and Financial Affairs
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $120,000,000 3.75% $24,750,000 $144,750,000
Referendum Costs Month/Year Election Type Question Length
Jun-20 Special 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. This bill adds a bond issue to a referendum already scheduled for June of 2020. 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.