121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1173
		An Act To Continue the Maine Farms for the Future Program
		LR 1219(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Pingree of North Haven
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Appropriations/Allocations
	Other Special Revenue Funds		$2,500,000	$2,500,000	$0	$0
Revenue
	Other Special Revenue Funds		$2,500,000	$2,500,000	$0	$0
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 - Taxable	10	$5,000,000	5.2%	$1,430,000	$6,430,000
Fiscal Detail and Notes
	The Department of Agriculture, Food and Rural Resources will require additional Other Special Revenue funds allocations of $2,500,000 for each of fiscal years 2003-04 and 2004-05 to disburse the proceeds of the bond issue and to establish a revolving loan fund.