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130th MAINE LEGISLATURE |
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LD 329 |
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LR 1520(02) |
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An Act To Amend
the Laws Governing the Issuance of Bonds |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Removes Governor's facsimile signature from general obligation
bonds |
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| Fiscal Detail
and Notes |
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Removing the
requirement that general obligation bonds ratified by the legal voters of the
State must bear the facsimile of the signature of the Governor does not, by
itself, have a financial impact. To the extent that this leads to a bond sale
that is strongly opposed by a Governor, there may be unintentional tax and
other consequences if that Governor blocks Executive Branch participation in
pre-sale preparation of documents and the logistics of post-sale funding of
projects. |
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