121st Maine Legislature
Office of Fiscal and Program Review
LD 405
An Act To Authorize a General Fund Bond Issue in the Amount of $50,000,000 for Research and Development and Capital Improvements for the University of Maine System and the Maine Technical College System   
LR 1027(01)
Fiscal Note for Original Bill
Sponsor: Sen. Brennan
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
   
             
Fiscal Note
Current biennium cost increase - General Fund
Referendum Costs Month/Year Election Type Question Length
Nov-03 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 increases the ballot length, an additional appropriation of $8,000 or more may be required.
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 $50,000,000 4.1% $11,275,000 $61,275,000