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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 534 |
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An
Act To Authorize a General Fund Bond Issue in the Amount of $4,000,000 To
Construct the Gulf of Maine Research Laboratory |
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LR0859(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Turner of Cumberland |
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Committee:
Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current biennium cost increase - General Fund |
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Referendum
Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-03 |
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 increases the ballot length, an additional appropriation
of $8,000 or more may be required. |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
$4,000,000 |
4.1% |
$902,000 |
$4,902,000 |
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