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128th MAINE LEGISLATURE |
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LD 299 |
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LR 929(01) |
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An Act To
Increase Voter Knowledge by Placing the Amount of the Total Current Bond Debt
on Each Ballot That Contains a Bond Issue |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Sutton of Warren |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$211,800 |
$211,800 |
$211,800 |
$211,800 |
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| Appropriations/Allocations |
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General Fund |
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$211,800 |
$211,800 |
$211,800 |
$211,800 |
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| Fiscal Detail
and Notes |
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This legislation
requires that the statement of the Treasurer of State related to bond
indebtedness must be printed on the ballot.
The Department of Secretary of State will require annual General Fund
appropriations of $211,800 beginning in fiscal year 2017-18 to print the
statement on ballots in each November election. In any year that a June special referendum
election is held an additional General Fund appropriation of approximately
$110,000 would be needed. |
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