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132nd MAINE LEGISLATURE |
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LD 434 |
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LR 963(01) |
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An Act to
Authorize the Maine Governmental Facilities Authority to Issue Additional
Securities for the Replacement of the Legislative Management System for the
Senate and the House of Representatives |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Spkr. Fecteau of Biddeford |
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Committee: State and Local Government |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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Maine Gov Fac Auth |
10 |
$8,000,000 |
5.0% |
$2,200,000 |
$10,200,000 |
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| Fiscal Detail
and Notes |
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This bill
authorizes the Maine Governmental Facilities Authority to issue additional
securities in an amount not to exceed $8,000,000 outstanding at any one time
for paying the costs associated with planning, purchasing, customizing and
implementing an integrated electronic legislative management system to
replace the existing system for the Senate and the House of
Representatives. The amount of
additional General Fund appropriation required for debt service costs will
depend on the timing and amount of securities issued in any given fiscal year
and cannot be determined at this time. |
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