124th MAINE LEGISLATURE
LD 1761 LR 2327(02)
An Act To Authorize a General Fund Bond Issue To Create a New Electronic Medical Records Infrastructure
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Health and Human Services
Fiscal Note Required: Yes
             
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $10,000,000 4.5% $2,475,000 $12,475,000
Referendum Costs Month/Year Election Type Question Length
Nov-10 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 requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.
Fiscal Detail and Notes
Because this legislation allows for the costs and expenses of maintaining, servicing and administering the fund to be paid out of the fund, there is no net fiscal impact to the Finance Authority of Maine.