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)