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132nd MAINE LEGISLATURE |
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LD 367 |
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LR 975(01) |
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An Act to
Authorize General Fund Bond Issues to Improve Highways, Bridges and
Nonhighway Modes of Transportation |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Farrin of Somerset |
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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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| Potential current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-Taxable |
10 |
$100,000,000 |
5.0% |
$27,500,000 |
$127,500,000 |
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| Referendum
Costs |
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Month/Year |
Election Type |
Question |
Length |
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Nov-25 |
General |
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 $341,000 may be required. |
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