| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1572 | |||||||
| An Act To Authorize Bond Issues for Ratification by the Voters at the November 2003 Election | |||||||
| LR 2068(17) | |||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "A" | |||||||
| Sponsor: Sen. Turner | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| Fiscal Detail and Notes | |||||||
| This amendment reduces the amount of bonds authorized by $76,300,000 to a new total of $17,500,000. All transportation and environmental related bonds are eliminated and the education related bonds are decreased by $8,000,000. The net change is expressed below. | |||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||
| General Fund - Non-taxable | 10 | ($63,300,000) | 4.1% | ($14,274,150) | ($77,574,150) | ||
| Highway Fund - Non-taxable | 10 | ($13,000,000) | 4.1% | ($2,931,500) | ($15,931,500) | ||