| 122nd MAINE LEGISLATURE | |||||||||
| LD 1272 | LR 1389(01) | ||||||||
| An Act To Ensure Compliance with the Federal Americans with Disabilities Act for Court Facilities | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Pelletier-Simpson of Auburn | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $82,500 | $310,875 | $302,625 | $294,375 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $82,500 | $310,875 | $302,625 | $294,375 | |||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| Me Gov Fac Auth (MGFA) | 20 | $3,000,000 | 5.5% | $1,732,500 | $4,732,500 | ||||
| Fiscal Detail and Notes | |||||||||
| Authorizing the Maine Government Facilities Authority to issue securities in the amount of $3,000,000 to retrofit court facilities will require General Fund appropriations to the Judicial Department in the amount of $82,500 in fiscal year 2005-06 and $310,875 in fiscal year 2006-07. This appropriation will provide funds for the debt service associated with this proposed borrowing. Also, the Judicial Department should be identified in the allocation section as the Department within state government that would receive such funds. | |||||||||