| 123rd MAINE LEGISLATURE | |||||||||||||||||||||||||
| LD 60 | LR 338(01) | ||||||||||||||||||||||||
| An Act To Authorize a General Fund Bond Issue for Maine's Roads and Bridges | |||||||||||||||||||||||||
| Fiscal Note for Original Bill | |||||||||||||||||||||||||
| Sponsor: Rep. Duprey of Hampden | |||||||||||||||||||||||||
| Committee: Appropriations and Financial Affairs | |||||||||||||||||||||||||
| Fiscal Note Required: Yes | |||||||||||||||||||||||||
| Fiscal Note | |||||||||||||||||||||||||
| 2006-07 | 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||||||||||||||||||||
| Net Cost (Savings) | |||||||||||||||||||||||||
| General Fund | $156,043 | $0 | $0 | $0 | $0 | ||||||||||||||||||||
| Appropriations/Allocations | |||||||||||||||||||||||||
| General Fund | $156,043 | $0 | $0 | $0 | $0 | ||||||||||||||||||||
| Bond Issues | Term (years) | Principal | Rate (%) | Interest | Total Cost | ||||||||||||||||||||
| General Fund - Non-Taxable | 10 | $60,000,000 | 5.0% | $16,500,000 | $76,500,000 | ||||||||||||||||||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||||||||||||||||||
| Jun-07 | Special | Bond Issue | Standard | ||||||||||||||||||||||
| Fiscal Detail and Notes | |||||||||||||||||||||||||
| As the Secretary of State's budget for fiscal year 2006-07 does not include any funds for a special state-wide election in June of 2007, an additional General Fund appropriation of $156,043 for the Secretary of State in fiscal year 2006-07 will be necessary. In addition, for this appropriation to take effect, the bill will need to be amended to include an emergency preamble. | |||||||||||||||||||||||||