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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1572 |
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An Act
To Authorize Department of Transportation Bond Issues in the Amount of
$62,500,000 for Improvements to Highways, Bridges, Airports, State-owned
Ferry Vessels, Ferry and Port Facilities and Port and Harbor Structures;
Development of Rail Corridors; Improvements to Railroad Structures and
Intermodal Facilities; Investment in Public Transportation Fleet and Public
Park and Ride and Service Facilities; and Statewide Trail and Pedestrian
Improvements |
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LR 2068(08) |
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Fiscal Note for House Amendment " " to Committee
Amendment "A" |
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Sponsor: Rep. McKenney |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Fiscal Detail
and Notes |
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This amendment
reduces the amount of bonds authorized by $31,300,000 to a new total of
$62,500,000. All non-transportation
bonds are eliminated and the transportation bonds are increased by
$1,700,000. The net change is
expressed below. |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
($31,300,000) |
4.1% |
($7,058,150) |
($38,358,150) |
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