121st Maine Legislature
Office of Fiscal and Program Review
LD 1894
An Act To Authorize a General Fund Bond Issue in the Amount of $2,000,000 for Disaster Relief and To Provide Further Relief Measures
LR 2685(01)
Fiscal Note for Original Bill
Sponsor:  Sen. Bryant of Oxford
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $0 $200,000 $0 $0
Appropriations/Allocations
General Fund $0 $200,000 $0 $0
Other Special Revenue Funds $0 $500 $500 $500
Bond Issues Term(years) Principal Rate (%) Interest Total Cost
General Fund - Taxable 10 $2,000,000 5.2% $572,000 $2,572,000
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.
Fiscal Detail and Notes
This bill includes General Fund appropriations totaling $200,000 for the Department of Defense, Veterans and Emergency Management in fiscal year 2004-05.
The Department of Defense, Veterans and Emergency Management will require a base Other Special Revenue Funds allocation of $500 in fiscal year 2004-05 to establish the Emergency Management Preparedness and Assistance Trust Fund.  The amount of dedicated revenue that will be collected for the fund can not be determined at this time.