121st Maine Legislature
Office of Fiscal and Program Review
LD 1572
An Act To Authorize Bond Issues for Ratification by the Voters at the November 2003 Election
LR 2068(21)
Fiscal Note for Senate Amendment " " to Committee Amendment "B"
Sponsor: Sen. Turner
Fiscal Note Required: Yes
   
             
Fiscal Note
Fiscal Detail and Notes
This amendment reduces the amount of bonds authorized by $70,700,000 to a new total of $17,500,000.  All transportation, environmental and air medical services related bonds are eliminated, leaving the education related bond.  The net change is expressed below.
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 ($57,700,000) 4.1% ($13,011,350) ($70,711,350)
Highway Fund - Non-taxable 10 ($13,000,000) 4.1% ($2,931,500) ($15,931,500)