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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 Bond Issues in the Total Amount of $91,850,000, of Which
$60,800,000 is for a Transportation Bond Issue for Transportation
Improvements and $31,050,000 is for General Fund Bond Issues for Pollution
Control and Clean-up, Agricultural Irrigation, School Renovations and
Improvement of Post-secondary Education Facilities. |
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LR 2068(34) |
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Fiscal
Note for House Amendment " " to Committee Amendment "A" |
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Sponsor: Rep.
Brannigan |
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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 $1,950,000 to a new total
of $91,850,000. The environmental
bond is increased by $1,000,000 and the education bond is reduced by
$2,950,000. 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 |
($2,950,000) |
4.1% |
($665,225) |
($3,615,225) |
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General Fund - Taxable |
10 |
$1,000,000 |
5.2% |
$286,000 |
$1,286,000 |
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