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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1052 |
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An Act
to Authorize a General Fund Bond Issue in the Amount of $5,800,000 To
Adequately Fund the Applied Technology Development Centers in Order To
Increase the Number of Research and Development Jobs and Companies in the
State |
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LR 1142(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Finch |
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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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Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-03 |
General |
Bond Issue |
Standard |
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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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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
$5,800,000 |
4.1% |
$1,307,900 |
$7,107,900 |
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