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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 for Ratification by the Voters at the November
2003 Election |
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LR 2068(48) |
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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 $4,400,000 to a new total
of $89,400,000. The net change is
expressed below. |
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Bond Issues
(Part A,B &C) |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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A |
General Fund - Non-taxable |
10 |
$2,650,000 |
4.1% |
$597,575 |
$3,247,575 |
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B |
General Fund - Non-taxable |
10 |
($1,300,000) |
4.1% |
($293,150) |
($1,593,150) |
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B |
General Fund - Taxable |
10 |
$750,000 |
5.2% |
$214,500 |
$964,500 |
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C |
General Fund - Non-taxable |
10 |
($6,500,000) |
4.1% |
($1,465,750) |
($7,965,750) |
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