LD 91 LR 983(01)
An Act To Raise the School Construction Bond Cap
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Mason of Topsham
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
No fiscal impact
Fiscal Detail and Notes
Increasing the major capital maximum debt service limit for school construction projects by $10.0 million in fiscal year 2013-14 and $10.0 million in fiscal year 2014-15 will not increase the total state and local cost of K-12 public education, or the State's share of that cost, in the 2014-2015 biennium.  Sufficient lead time is not available to bring new projects online that would require funding for additional debt service payments in the 2014-2015 biennium.