123rd MAINE LEGISLATURE
LD 806 LR 2357(01)
An Act To Authorize a General Fund Bond Issue for the Maine Biomedical Research Fund to Create Jobs and Strengthen Maine's Economy
Fiscal Note for Original Bill
Sponsor: Rep. Tardy of Newport
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Fiscal Note
2006-07 2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $156,043 $0 $0 $0 $0
Appropriations/Allocations
General Fund $156,043 $0 $0 $0 $0
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $75,000,000 5.0% $20,625,000 $95,625,000
Referendum Costs Month/Year Election Type Question Length
Jun-07 Special Bond Issue Standard
Fiscal Detail and Notes
As the Secretary of State's budget for fiscal year 2006-07 does not include any funds for a special state-wide election in June of 2007, an additional General Fund appropriation of $156,043 for the Secretary of State in fiscal year 2006-07 will be necessary.  In addition, for the appropriation to take effect the bill will need to be amended to include an emergency preamble.