| 122nd MAINE LEGISLATURE | |||||||||
| LD 1974 | LR 3082(40) | ||||||||
| An Act to Make Additional Allocations from the Highway Fund and Other Funds for the Expenditures of State Government and To Change Certain Provisions of State Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2006 and June 30, 2007 | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "B" | |||||||||
| Sponsor: Sen. Damon | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Potential transfer of unbudgeted unappropriated surplus - General Fund | |||||||||
| Potential current biennium cost increase - Highway Fund | |||||||||
| Referendum Costs | |||||||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Nov-06 | General | Referendum | Standard | ||||||
| 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. | |||||||||
| Fiscal Detail and Notes | |||||||||
| The authorization of the transfer of up to $15,000,000 from the unappropriated surplus of the General Fund to the Highway and Bridge Improvement Highway Fund account in fiscal year 2006-07 will depend on whether any unbudgeted balance of the unappropriated surplus of the General Fund exists to effect the transfer. Highway Fund allocations for the Highway and Bridge Improvement program in fiscal year 2006-07 will be increased by the amount of any transfer that does take place. | |||||||||
| If the GARVEE bond proposed in this amendment is approved by the voters in a statewide election, debt service would be financed entirely through the use of future federal revenues from the Federal Highway Administration. | |||||||||