| 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(48) | |||||||
| 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 $4,400,000 to a new total of $89,400,000. The net change is expressed below. | |||||||
| Bond Issues (Part A,B &C) | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||
| A | General Fund - Non-taxable | 10 | $2,650,000 | 4.1% | $597,575 | $3,247,575 | |
| B | General Fund - Non-taxable | 10 | ($1,300,000) | 4.1% | ($293,150) | ($1,593,150) | |
| B | General Fund - Taxable | 10 | $750,000 | 5.2% | $214,500 | $964,500 | |
| C | General Fund - Non-taxable | 10 | ($6,500,000) | 4.1% | ($1,465,750) | ($7,965,750) | |