122nd MAINE LEGISLATURE
		LD 998		LR 2238(02)
	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
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Current biennium cost increase - Highway Fund
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10	$51,000,000	4.1%	$11,500,500	$62,500,500
	General Fund - Taxable	10	$5,000,000	5.3%	$1,457,500	$6,457,500
	Highway Fund - Non-taxable	10	$27,000,000	4.1%	$6,088,500	$33,088,500
			$83,000,000		$19,046,500	$102,046,500
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-05	General	Bond Issue	Lengthy
	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.