LD 836 LR 1505(03)
An Act To Authorize a General Fund Bond Issue To Build Maine's Workforce Development Capacity by Modernizing and Improving the Facilities and Infrastructure of Maine's Public Universities and Community Colleges
Fiscal Note for Bill as Engrossed with:
C "A" (H-802)
Committee: Appropriations and Financial Affairs
Fiscal Note
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $49,000,000 4.25% $11,453,750 $60,453,750
General Fund - Non-Taxable 10 $15,000,000 4.25% $3,506,250 $18,506,250
Referendum Costs Month/Year Election Type Question Length
Nov-18 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.
Fiscal Detail and Notes
Additional costs to the University of Maine System to submit the required report on the System's capital expenditure plan can be absorbed within existing budgeted resources.