| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 1878 | |||||||
| An Act To Authorize a General Fund Bond Issue in the Amount of $65,000,000 To Finance the Acquisition of Land and Interest in Land for Conservation, Water Access, Outdoor Recreation, Wildlife and Fish Habitat and Farmland Preservation; To Fund Capital Improvements to State Parks and Other Historic Public Areas; and To Access $30,250,000 in Matching Contributions from Public and Private Sources | |||||||
| LR 2798(01) | |||||||
| Fiscal Note for Original Bill | |||||||
| Sponsor: Rep. Richardson of Brunswick | |||||||
| 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 | $65,000,000 | 4.1% | $14,657,500 | $79,657,500 | ||
| 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. | |||||||