| 122nd MAINE LEGISLATURE | |||||||||
| LD 149 | LR 0874(01) | ||||||||
| An Act to Authorize a General Fund Bond Issue in the Amount of $5,000,000 for the Fractionation Development Center | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Bryant of Oxford | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $310,000 | $620,000 | $632,400 | $645,048 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $310,000 | $620,000 | $632,400 | $645,048 | |||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $5,000,000 | 3.7% | $1,017,500 | $6,017,500 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Nov-05 | General | Referendum | 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 of $310,000 and $620,000 in fiscal years 2005-06 and 2006-07, respectively, to the Office of Innovation within the Department of Economic and Community Development for the ongoing costs associated with the operation of the Fractionation Development Center. | |||||||||