| 122nd MAINE LEGISLATURE | |||||||||
| LD 26 | LR 0482(01) | ||||||||
| An Act to Authorize a General Fund Bond Issue for Stranded Costs of Transmission and Distribution Utilities | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Fischer of Presque Isle | |||||||||
| Committee: Approriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current Bienniem Cost Increase - General Fund | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Taxable | 10 | $1,088,750,000 | 5.8% | $344,317,188 | $1,433,067,188 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Nov-05 | General | Referendum | 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. | |||||||||
| Fiscal Detail and Notes | |||||||||
| The additional costs associated with rulemaking and other required administrative proceedings will be absorbed by the Public Utilities Commission utilizing existing budgeted resources. | |||||||||