| 122nd MAINE LEGISLATURE | |||||||||
| LD 1687 | LR 2400(01) | ||||||||
| An Act To Develop a New Judicial Facility in Bangor | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Perry of Penobscot | |||||||||
| 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 | $48,125 | $367,500 | $3,414,750 | $3,773,625 | |||||
| Appropriations/Allocations | $48,125 | $367,500 | $3,414,750 | $3,773,625 | |||||
| General Fund | |||||||||
| Bond Issues | Term years) | Principal | Rate (%) | Interest | Total Cost | ||||
| Me Gov Fac Auth (MGFA) | 20 | $37,000,000 | 3.7% | $14,374,500 | $51,374,500 | ||||
| Fiscal Detail and Notes | |||||||||
| This legislation authorizes the Maine Government Facilities Authority to issue securities in an amount up to $37,000,000 to pay for the costs associated with the construction of a new courthouse in Bangor. This legislation will require a General Fund appropriation to the Judicial Department in the amount of $48,125 in fiscal year 2005-06 and $367,500 in fiscal year 2006-07 for the debt service related to this bond issue. | |||||||||