121st Maine Legislature
Office of Fiscal and Program Review
LD 1572
An Act To Authorize Bond Issues in the Total Amount of $91,850,000, of Which $60,800,000 is for a Transportation Bond Issue for Transportation Improvements and $31,050,000 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(34)
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 $1,950,000 to a new total of $91,850,000.  The environmental bond is increased by $1,000,000 and the education bond is reduced by $2,950,000.  The net change is expressed below.
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Non-taxable 10 ($2,950,000) 4.1% ($665,225) ($3,615,225)
General Fund - Taxable 10 $1,000,000 5.2% $286,000 $1,286,000