LD 1692 LR 2068(01)
An Act To Improve Judicial Branch Facilities in Hancock County
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Luchini of Hancock
Committee: Judiciary
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium cost increase - General Fund
Fiscal Detail and Notes
This bill expands the purposes for which bonds related to the judicial branch may be issued to now include acquiring and improving property relating to the judicial branch in Hancock County. Although the overall cap of judicial branch bonds outstanding at any one time remains at $95,600,000, expanding the projects eligible to be bonded may create additional future debt service costs to the General Fund that would not have been incurred absent this bill. No estimate of future cost can be made until a specific bond project becomes known.