| 122nd MAINE LEGISLATURE | |||||||||
| LD 1693 | LR 2434(01) | ||||||||
| Resolve, Reauthorizing the Balance of the 1999 Land for Maine's Future Bond Issue | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Speaker Richardson of Brunswick | |||||||||
| Committee: Not Referred | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $4,530,000 | 4.0% | $996,600 | $5,526,600 | ||||
| Fiscal Detail and Notes | |||||||||
| This legislation reauthorizes the balance of the Land for Maine's Future bond issue originally authorized in 1999. The authorization had expired and is being reauthorized pursuant to Article IX , Section 14 of the Constitution of Maine. | |||||||||