121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1591
		An Act To Authorize a General Fund Bond Issue in the Amount of $13,300,000 To Address Health, Safety and Compliance Deficiencies in the University of Maine System; To Expedite the Creation of a Community College System; To Make Improvements to State Parks; To Make Cultural Improvements; and To Modernize the State Court System
		LR 2069(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Brennan of Cumberland
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Current costs - General Fund
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10	$13,300,000	4.1%	$2,999,150	$16,299,150
Referendum Costs		Month/Year	Election Type	Question	Length
		Jun-03	Special	Bond Issue	Lengthy
	A special election in June of 2003 would ordinarily require an additional General Fund appropriation of $121,392.  However, there is already a June referendum scheduled and it is too late for this bond issue to make it so the bill will need to be amended to change that. The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general election in November.  If the number or size of the referendum questions increases the ballot length, an additional appropriation of $8,000 or more may be required.