121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1566
		An Act To Authorize a General Fund Bond Issue in the Amount of $70,000,000 for Municipal Facilities and for Investments in Research, Development, Farming and Affordable Housing in Order To Sustain and Improve Maine's Economy
		LR 2044(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Richardson
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10	$50,000,000	4.1%	$11,275,000	$61,275,000
	General Fund - Taxable	10	$20,000,000	5.2%	$5,720,000	$25,720,000
			$70,000,000		$16,995,000	$86,995,000
Referendum Costs		Month/Year	Election Type	Question	Length
		Jun-03	Special	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.  A special election in June of 2003 would require an additional appropriation of $121,392 in fiscal year 2003-04.  No appropriation is provided for this purpose at this time.