|
|
|
|
|
|
|
|
127th MAINE LEGISLATURE |
|
|
LD 1445 |
|
LR 2078(01) |
|
|
|
Resolve,
Reauthorizing the Balance of the 2009 Bond Issue for an Offshore Wind Energy
Demonstration Project |
|
Preliminary Fiscal
Impact Statement for Original Bill |
|
Sponsor: Sen. Hamper of Oxford |
|
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 |
$6,085,000 |
4.0% |
$1,338,700 |
$7,423,700 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
$6,085,000 of a
previously authorized $26,500,000 bond remains unissued and the original
5-year authorization is expiring. This resolve will extend the authorization
for an additional 5 years, allowing issuance without going back to the voters
for a second time. There are no additional costs other than the normal debt
service costs anticipated at the time of the original authorization. |
|
|
|
|
|
|
|