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123rd MAINE LEGISLATURE |
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LD 718 |
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LR 979(01) |
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An Act To Authorize
a General Fund Bond Issue To Stimulate the Midcoast Economy |
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Fiscal Note for
Original Bill |
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Sponsor: Rep. Gerzofsky of Brunswick |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$20,000,000 |
5.0% |
$5,500,000 |
$25,500,000 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-07 |
General |
Bond Issue |
Standard |
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| Fiscal Detail and
Notes |
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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.
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