| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1894 | |||||||
| An Act To Authorize a General Fund Bond Issue in the Amount of $2,000,000 for Disaster Relief and To Provide Further Relief Measures | |||||||
| LR 2685(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Sen. Bryant of Oxford | |||||||
| Committee: Appropriations and Financial Affairs | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | $0 | $200,000 | $0 | $0 | |||
| Appropriations/Allocations | |||||||
| General Fund | $0 | $200,000 | $0 | $0 | |||
| Other Special Revenue Funds | $0 | $500 | $500 | $500 | |||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||
| General Fund - Taxable | 10 | $2,000,000 | 5.2% | $572,000 | $2,572,000 | ||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||
| Nov-04 | 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. | |||||||
| Fiscal Detail and Notes | |||||||
| This bill includes General Fund appropriations totaling $200,000 for the Department of Defense, Veterans and Emergency Management in fiscal year 2004-05. | |||||||
| The Department of Defense, Veterans and Emergency Management will require a base Other Special Revenue Funds allocation of $500 in fiscal year 2004-05 to establish the Emergency Management Preparedness and Assistance Trust Fund. The amount of dedicated revenue that will be collected for the fund can not be determined at this time. | |||||||