| 123rd MAINE LEGISLATURE | ||||||
| LD 335 | LR 734(01) | |||||
| An Act To Authorize a General Fund Bond Issue for Research and Development To Stimulate Maine's Innovation Economy | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Bromley of Cumberland | ||||||
| Committee: Appropriations and Financial Affairs | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Bond Issues | Term (years) | Principal | Rate (%) | Interest | Total Cost | |
| General Fund - Non-Taxable | 20 | $250,000,000 | 5.5% | $144,375,000 | $394,375,000 | |
| Referendum Costs | Month/Year | Election Type | Question | Length | ||
| Nov-07 | General | Bond Issue | Standard | |||
| Fiscal Detail and Notes | ||||||
| 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. | ||||||