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123rd MAINE LEGISLATURE |
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LD 1312 |
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LR 91(01) |
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An Act To
Authorize a General Fund Bond Issue for the Preservation of Forest Lodge in
the Town of Upton |
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Fiscal Note for
Original Bill |
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Sponsor: Sen. Bryant, B. of Oxford |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Potential current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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Unknown |
10 |
$1,000,000 |
5.0% |
$275,000 |
$1,275,000 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-07 |
General |
Bond Issue |
Standard |
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| Fiscal Detail
and Notes |
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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.
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In addition, this
bill includes a contingent one-time General Fund appropriation of $500,000 in
fiscal year 2007-08 to the Department of Conservation for the costs of repair
and maintenance of the historical Forest Lodge property in the Town of Upton. The appropriation is contingent upon
passage of the bond issue in the November 2007 general election.
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