LD 2090 LR 2830(02)
An Act to Modernize and Consolidate Certain Court Facilities
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Judiciary
Fiscal Note Required: Yes
Fiscal Note
Future biennium cost increase - General Fund
Fiscal Detail and Notes
This bill authorizes the Maine Governmental Facilities Authority to issue additional securities for court facilities projects in an aggregate amount not to exceed $205,000,000 outstanding at any one time. The expectation is that $55 million will be issued on 6/5/25, $45 million on 6/3/26 and $105 million on 6/02/27. The first debt service payment by the Judicial Department is estimated to begin in fiscal year 2025-26.