| 122nd MAINE LEGISLATURE | |||||||||
| LD 998 | LR 2238(05) | ||||||||
| 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 Senate Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Sen. Cowger | |||||||||
| 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 | $16,450,000 | 4.1% | $3,709,475 | $20,159,475 | ||||
| General Fund - Taxable | 10 | $1,000,000 | 5.3% | $291,500 | $1,291,500 | ||||
| $17,450,000 | $4,000,975 | $21,450,975 | |||||||
| Fiscal Detail and Notes | |||||||||
| This amendment increases the total General Fund bond authorizations by $17,450,000 by authorizing an additional $16,450,000 for the Department of Environmental Protection to assist with specified environmental activities and an additional $1,000,000 for the Maine State Housing Authority to assist in the removal of lead paint from low income households. | |||||||||