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127th MAINE LEGISLATURE |
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LD 254 |
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LR 886(01) |
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An Act To
Authorize a General Fund Bond Issue To Support Waterfront Development |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Haskell of Cumberland |
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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 |
$10,000,000 |
4.5% |
$2,475,000 |
$12,475,000 |
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| Referendum
Costs |
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Month/Year |
Election Type |
Question |
Length |
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Nov-16 |
General |
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 Department of Economic and Community Development, the Department of
Agriculture, Conservation and Forestry and the Governor's Office of Policy
and Management associated with working with the review panel to develop the
required recommendations and with administering the grant program can be
absorbed within existing budgeted resources. |
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