121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1877
		An Act To Authorize a General Fund Bond Issue in the Amount of $20,000,000 To Sustain and Improve Maine's Economy
		LR 2802(01)
		Fiscal Note for Original Bill
		Sponsor: Sen. Cathcart of Penobscot
		Committee: Appropriations and Financial Affairs
		Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues		Term(years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-taxable	10	$16,000,000	4.1%	$3,608,000	$19,608,000
	General Fund - Taxable	10	$4,000,000	5.2%	$1,144,000	$5,144,000
Referendum Costs		Month/Year	Election Type	Question	Length
		Jun-04	Special	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.  A special election would require an additional appropriation of $121,392.