122nd MAINE LEGISLATURE
LD 998 LR 2238(15)
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. Sullivan
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 $11,000,000 5.3% $3,206,500 $14,206,500
Fiscal Detail and Notes
This amendment increases the total General Fund bond authorizations by a total of $11,000,000 by authorizing an additional $9,000,000 for preserving the working waterfront and an additional $2,000,000 for the Farms For the Future Program.