124th MAINE LEGISLATURE
LD 684 LR 1190(01)
An Act To Authorize a General Fund Bond Issue To Finance the Acquisition of Land and Interest in Land for Public Land and Water Access, Conservation, Wildlife and Fish Habitats, Outdoor Recreation Including Hunting and Fishing and Farmland Preservation and To Access Matching Contributions from Public and Private Sources
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Diamond of Cumberland
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 - Non-Taxable 10 $87,500,000 5.0% $24,062,500 $111,562,500
Referendum Costs Month/Year Election Type Question Length
Nov-09 General 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 and/or bond questions requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.