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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1572 |
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An
Act To Authorize Bond Issues for Ratification by the Voters at the November
2003 Election |
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LR 2068(14) |
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Fiscal
Note for Senate Amendment " " |
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Sponsor: Sen.
Turner |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Fiscal Detail
and Notes |
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This
amendment reduces the amount of bonds authorized by $58,000,000 in the
General Fund and $13,000,000 in the Highway Fund to a new total of
$4,000,000. All transportation
related bonds are eliminated. The net
change is expressed below. |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
($58,000,000) |
4.1% |
($13,079,000) |
($71,079,000) |
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Highway Fund -
Non-taxable |
10 |
($13,000,000) |
4.1% |
($2,931,500) |
($15,931,500) |
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