125th MAINE LEGISLATURE
		LD 280		LR 1033(01)
	Resolve, Reauthorizing the Balance of the 2005 Maine Biomedical Research Fund and Marine Infrastructure and Technology Fund Bond Issues
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Rector of Knox
	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	$900,000	5.0%	$247,500	$1,147,500
Fiscal Detail and Notes
	Portions of authorizations for two bond issues approved by the voters in 2005 have exceeded the five year time limit without being issued.  These lapsed authorizations for $750,000 for the Maine Biomedical Research Fund and $150,000 for the Marine Infrastructure and Technology Fund will be reauthorized by passage of this bill without going back to the voters a second time.