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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1875 |
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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 |
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LR 2799(18) |
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Fiscal Note for House Amendment " "
to Committee Amendment " " |
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Sponsor: Rep. Rector |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Fiscal Detail
and Notes |
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This
amendment increases the amount of bonds authorized by $ 500,000 to a new
total of $30,500,000. The economic
bond is increased by $500,000. The net change is expressed below. |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Non-taxable |
10 |
$500,000 |
4.1% |
$112,750 |
$612,750 |
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