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124th MAINE LEGISLATURE |
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LD 153 |
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LR 125(01) |
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An Act To
Authorize a General Fund Bond Issue for the Land for Maine's Future Board |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Flood of Winthrop |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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Current biennium cost increase - General Fund
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$30,000,000 |
5.0% |
$8,250,000 |
$38,250,000 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-09 |
General |
Bond Issue |
Standard |
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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 requires production
and delivery of a second ballot, an additional appropriation of $107,250 may
be required. |
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| Fiscal Detail
and Notes |
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The bond requires
at least $15,000,000 be matched through private and public funds. |
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