| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1572 | |||||||
| An Act To Authorize Department of Transportation Bond Issues in the Amount of $62,500,000 for Improvements to Highways, Bridges, Airports, State-owned Ferry Vessels, Ferry and Port Facilities and Port and Harbor Structures; Development of Rail Corridors; Improvements to Railroad Structures and Intermodal Facilities; Investment in Public Transportation Fleet and Public Park and Ride and Service Facilities; and Statewide Trail and Pedestrian Improvements | |||||||
| LR 2068(08) | |||||||
| Fiscal Note for House Amendment " " to Committee Amendment "A" | |||||||
| Sponsor: Rep. McKenney | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Fiscal Detail and Notes | |||||||
| This amendment reduces the amount of bonds authorized by $31,300,000 to a new total of $62,500,000. All non-transportation bonds are eliminated and the transportation bonds are increased by $1,700,000. The net change is expressed below. | |||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||
| General Fund - Non-taxable | 10 | ($31,300,000) | 4.1% | ($7,058,150) | ($38,358,150) | ||