| 122nd MAINE LEGISLATURE | |||||||||
| LD 971 | LR 1529(01) | ||||||||
| An Act To Authorize a General Fund Bond Issue for Shared-use Trails | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Faircloth of Bangor | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium cost increase - General Fund | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $10,000,000 | 3.7% | $2,035,000 | $12,035,000 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Nov-05 | General | Bond Issue | 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. | |||||||||