| 124th MAINE LEGISLATURE | ||||||
| LD 810 | LR 993(01) | |||||
| An Act To Authorize a General Fund Bond Issue for School Construction and Renovation Projects That Demonstrate Cost Savings | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Mitchell of Kennebec | ||||||
| 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 | $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 June. 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. | ||||||