121st Maine Legislature
Office of Fiscal and Program Review
LD 1173
An Act To Continue the Maine Farms for the Future Program      
LR 1219(01)
Fiscal Note for Original Bill
Sponsor: Rep. Pingree of North Haven
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
   
             
Fiscal Note
Current biennium cost increase - General Fund
Projections Projections
2003-04 2004-05 2005-06 2006-07
Appropriations/Allocations
Other Special Revenue Funds $2,500,000 $2,500,000 $0 $0
Revenue
Other Special Revenue Funds $2,500,000 $2,500,000 $0 $0
Referendum Costs Month/Year Election Type Question Length
Nov-03 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 increases the ballot length, an additional appropriation of $8,000 or more may be required. 
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $5,000,000 5.2% $1,430,000 $6,430,000
Fiscal Detail and Notes
The Department of Agriculture, Food and Rural Resources will require additional Other Special Revenue funds allocations of $2,500,000 for each of fiscal years 2003-04 and 2004-05 to disburse the proceeds of the bond issue and to establish a revolving loan fund.