121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1875
		An Act To Authorize Department of Transportation Bond Issues in the Amount of $18,250,000 To Match Available Federal Funds for Improvements to and Development of Highways and Bridges; Airports; Ferry Vessels, Port Facilities and Marine Infrastructure; Rail Corridors and Structures; Intermodal Facilities; and Trail and Pedestrian Facilities
		LR 2799(02)
		Fiscal Note for Bill As Amended by Committee Amendment " "
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
		Majority Report
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues (Parts A,B,C&D)		Term(years)	Principal	Rate (%)	Interest	Total Cost
A	Highway Fund - Non-taxable	10	$13,500,000	4.1%	$3,044,250	$16,544,250
A	General Fund - Non-taxable	10	$4,750,000	4.1%	$1,071,125	$5,821,125
B	General Fund - Non-taxable	10	$14,900,000	4.1%	$3,359,950	$18,259,950
B	General Fund - Taxable	10	$4,000,000	5.2%	$1,144,000	$5,144,000
C	General Fund - Non-taxable	10	$17,775,000	4.1%	$4,008,263	$21,783,263
D	General Fund - Non-taxable	10	$65,000,000	4.1%	$14,657,500	$79,657,500
			$119,925,000		$27,285,088	$147,210,088
Referendum Costs		Month/Year	Election Type	Question	Length
		Nov-04	General	Bond Issue	Standard
	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.