| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 885 | |||||||
| An Act To Authorize a General Fund Bond Issue in the Amount of $50,000,000 to Promote Revitalization of Service Center Communities through Infrastructure Improvements | |||||||
| LR 0647(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Rep. Lerman of Augusta | |||||||
| 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 | ||