121st Maine Legislature
		Office of Fiscal and Program Review
		LD 405
		An Act To Authorize a General Fund Bond Issue in the Amount of $50,000,000 for Research and Development and Capital Improvements for the University of Maine System and the Maine Technical College System
		LR 1027(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Brennan
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
	Current biennium cost increase - General Fund
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-03	General	Bond Issue	Standard
	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 increases the ballot length, an additional appropriation of $8,000 or more may be required.
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10	$50,000,000	4.1%	$11,275,000	$61,275,000