LD 254 LR 886(02)
An Act To Authorize a General Fund Bond Issue To Support Waterfront Development
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $5,000,000 4.5% $1,237,500 $6,237,500
Referendum Costs Month/Year Election Type Question Length
Nov-16 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
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.