| 122nd MAINE LEGISLATURE | |||||||||
| LD 819 | LR 1392(01) | ||||||||
| An Act To Authorize a General Fund Bond Issue To Expand Maine's Ocean-based Economy | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: President Edmonds of Cumberland | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $51,000,000 | 3.7% | $10,378,500 | $61,378,500 | ||||
| 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. | |||||||||