LD 1694 LR 2764(03)
An Act To Authorize a General Fund Bond Issue To Improve Highways, Bridges and Multimodal Facilities
Fiscal Note for Bill as Engrossed with:
C "A" (S-534)
Committee: Appropriations and Financial Affairs
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $80,000,000 4.0% $17,600,000 $97,600,000
General Fund - Taxable 10 $20,000,000 4.5% $4,950,000 $24,950,000
Referendum Costs Month/Year Election Type Question Length
Nov-16 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.