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128th MAINE LEGISLATURE |
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LD 1510 |
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LR 739(01) |
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An Act To
Authorize a General Fund Bond Issue To Fund Wastewater Infrastructure
Projects for Ratification by Voters in the June 2017 Election |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Fredette of Newport |
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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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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$47,650,000 |
4.25% |
$11,138,188 |
$58,788,188 |
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General Fund - Taxable |
10 |
$2,350,000 |
5.0% |
$646,250 |
$2,996,250 |
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| Referendum Costs |
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Month/Year |
Election Type |
Question |
Length |
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Jun-17 |
Special |
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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