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124th MAINE LEGISLATURE |
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LD 214 |
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LR 791(01) |
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An Act To
Authorize a General Fund Bond Issue for Economic Recovery |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Giles of Belfast |
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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 - Taxable |
10 |
$20,000,000 |
5.0% |
$5,500,000 |
$25,500,000 |
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| Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Jun-09 |
Special |
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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Additional costs
to the Finance Authority of Maine can be absorbed within existing budgeted
resources. |
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