| 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 | ||