LD 784 LR 295(02)
An Act To Authorize a Revenue Bond for a Student Loan Reduction Plan
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Education and Cultural 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-15 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.