124th MAINE LEGISLATURE
		LD 913		LR 1931(01)
	An Act To Authorize Bond Issues for Ratification by the Voters for the November 2009 and June 2010 Elections
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Pingree of North Haven
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium cost increase - General Fund
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Appropriations/Allocations
	Other Special Revenue Funds		$1,000	$1,000	$1,000	$1,000
Bond Issues		Term (years)	Principal	Rate (%)	Interest	Total Cost
	Highway Fund - Non-Taxable	10	$75,000,000	5.0%	$20,625,000	$95,625,000
	General Fund - Non-Taxable	10	$160,310,000	5.0%	$44,085,250	$204,395,250
	General Fund - Taxable	10	$70,900,000	5.5%	$21,447,250	$92,347,250
	Total		$306,210,000		$86,157,500	$392,367,500
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 questions requires production and delivery of a second ballot, an additional appropriation of $107,250 may be required.
Fiscal Detail and Notes
	The Maine Historic Preservation Commission will require Other Special Revenue Funds base allocations of $500 per year in fiscal year 2009-10 and fiscal year 2010-11 to establish the Historic Preservation Revolving Fund to provide funds to qualified nonprofit historic preservation organizations in the State to acquire endangered historic properties.  Additional costs to the Commission to administer the Fund can be absorbed within existing budgeted resources.
	The University of Maine System will also require Other Special Revenue Funds base allocations of $500 per year in fiscal year 2009-10 and fiscal year 2010-11 to establish the Maine Marine Wind Energy Demonstration Site Fund for research, development and product innovation associated with developing one or more ocean wind energy demonstration sites.  Additional costs to the System to implement the demonstration site and administer the Fund can be absorbed within existing budgeted resources.