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127th MAINE LEGISLATURE |
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LD 1694 |
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LR 2764(01) |
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An Act To
Authorize a General Fund Bond Issue To Improve Highways, Bridges and
Multimodal Facilities |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Collins of York |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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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 |
$80,000,000 |
4.0% |
$17,600,000 |
$97,600,000 |
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General Fund - Taxable |
10 |
$20,000,000 |
4.5% |
$4,950,000 |
$24,950,000 |
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| Referendum
Costs |
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Month/Year |
Election Type |
Question |
Length |
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Nov-16 |
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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