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128th MAINE LEGISLATURE |
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LD 836 |
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LR 1505(03) |
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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 |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-802) |
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Committee: Appropriations and Financial Affairs |
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| Fiscal Note |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$49,000,000 |
4.25% |
$11,453,750 |
$60,453,750 |
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General Fund - Non-Taxable |
10 |
$15,000,000 |
4.25% |
$3,506,250 |
$18,506,250 |
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| Referendum Costs |
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Month/Year |
Election Type |
Question |
Length |
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Nov-18 |
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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| Fiscal Detail and Notes |
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| Fiscal Detail
and Notes |
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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. |
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