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127th MAINE LEGISLATURE |
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LD 1445 |
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LR 2078(03) |
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Resolve,
Reauthorizing the Balance of the 2009 Bond Issue for an Offshore Wind Energy
Demonstration Project |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-291) |
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Committee: Appropriations and Financial Affairs |
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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 - Non-Taxable |
10 |
$6,085,000 |
4.0% |
$1,338,700 |
$7,423,700 |
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| Fiscal Detail
and Notes |
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$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. |
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