121st Maine Legislature
Office of Fiscal and Program Review
LD 1572
An Act To Authorize Bond Issues in the Total Amount of $90,100,000, of Which $59,800,000 is for a Transportation Bond Issue for Transportation Improvements and $30,300,000 is for General Fund Bond Issues for Pollution Control and Clean-up, Agricultural Irrigation, School Renovations and Improvement of Post-secondary Education Facilities.
LR 2068(32)
Fiscal Note for House Amendment " " to Committee Amendment "A"
Sponsor: Rep. Brannigan
Fiscal Note Required: Yes
   
             
Fiscal Note
Fiscal Detail and Notes
This amendment reduces the amount of bonds authorized by $3,700,000 to a new total of $90,100,000.  The transportation bond is reduced by $1,000,000, the environmental bond is increased by $800,000 and the education bond is reduced by $3,500,000.  The net change is expressed below.
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 ($4,500,000) 4.1% ($1,014,750) ($5,514,750)
General Fund - Taxable 10 $800,000 5.2% $228,800 $1,028,800