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127th MAINE LEGISLATURE |
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LD 784 |
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LR 295(02) |
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An Act To
Authorize a Revenue Bond for a Student Loan Reduction Plan |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 |
$5,000,000 |
4.5% |
$1,237,500 |
$6,237,500 |
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| Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-15 |
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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