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122nd MAINE LEGISLATURE |
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LD 998 |
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LR 2238(01) |
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An Act
To Authorize Department of Transportation Bond Issues To Match Available
Federal Funds for Improvements to Highways and Bridges; Airports; Public
Transit; State-owned Ferry Vessels and Ferry and Port Facilities; Port and
Harbor Structures; Development of Rail Corridors and Improvements to Railroad
Structures; and Statewide Trail and Pedestrian Improvements |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Damon of Hancock |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current
biennium cost increase - General Fund |
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Current
biennium cost increase - Highway Fund |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
$10,250,000 |
3.7% |
$2,085,875
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$12,335,875 |
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Highway Fund - Non-taxable |
10 |
$27,750,000 |
3.7% |
$5,647,125
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$33,397,125 |
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$38,000,000 |
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$7,733,000 |
$45,733,000 |
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Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Jun-05 |
Special |
Bond Issue |
Standard |
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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. A
special election would require an additional appropriation of $139,560. |
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