LD 416 LR 1005(02)
An Act to Authorize a General Fund Bond Issue for Research and Development and Commercialization
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
Fiscal Note
Potential current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $25,000,000 4.25% $5,843,750 $30,843,750
Referendum Costs Month/Year Election Type Question Length
Nov-24 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 $266,000 may be required.