124th MAINE LEGISLATURE
LD 214 LR 791(01)
An Act To Authorize a General Fund Bond Issue for Economic Recovery
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Giles of Belfast
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $20,000,000 5.0% $5,500,000 $25,500,000
Referendum Costs Month/Year Election Type Question Length
Jun-09 Special Bond Issue 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 requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.
Fiscal Detail and Notes
Additional costs to the Finance Authority of Maine can be absorbed within existing budgeted resources.