LD 1919
pg. 127
Page 126 of 267 PUBLIC Law Chapter 673 Page 128 of 267
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LR 2833
Item 1

 
Debt Service Costs

 
Principal and Interest$73,787,290

 
Approved Leases & Lease-purchases of Space6,178,767

 
Insured Value Factor3,055,623

 
__________

 
Debt Service Cost Total$83,021,680

 
Less percentage reduction of insured

 
value factor pursuant to the Maine

 
Revised Statutes, Title 20-A,

 
section 15603, subsection 26-A, paragraph F (91,363)

 
____________

 
Adjusted Debt Service Cost Total$82,930,317

 
Sec. N-11. Debt service subsidy indexes. This section establishes mill
rates pursuant to the Maine Revised Statutes, Title 20-A, chapter
606 as follows: operating cost millage, 8.96 mills; debt service
millage limit, 0.38 mills.

 
Sec. N-12. Debt service reduction percentages. This section establishes
reduction percentages as follows: insured value factor reduction
percentage, 2.99%.

 
Sec. N-13. Debt service appropriation. The debt service appropriation
provided for general purpose aid for local schools for the fiscal
year beginning July 1, 2004 and ending June 30, 2005 is
calculated as follows:

 
2004-052004-05

 
TOTALSTATE

 
ADJUSTED DEBT SERVICE ALLOCATION TOTAL$82,930,317$59,045,587

 
COMBINED ADJUSTED FOUNDATION AND2004-052004-05

 
ADJUSTED DEBT SERVICE ALLOCATIONSTOTALSTATE

 
TOTAL$1,425,791,683$695,074,924

 
Sec. N-14. Adjustments and miscellaneous costs allocation. The adjustments
and miscellaneous costs allocation of state funds for fiscal year
2004-05 for the purposes listed in this section is as follows:

 
2004-05

 
TOTAL

 
Adjustments and Miscellaneous Costs


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