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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1894 |
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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 |
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LR 2685(01) |
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Fiscal Note for Original Bill |
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Sponsor:
Sen. Bryant of Oxford |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$0 |
$200,000 |
$0 |
$0 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$200,000 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
$500 |
$500 |
$500 |
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Bond Issues |
Term(years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Taxable |
10 |
$2,000,000 |
5.2% |
$572,000 |
$2,572,000 |
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Referendum Costs |
Month/Year |
Election Type |
Question |
Length |
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Nov-04 |
General |
Bond Issue |
Standard |
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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. |
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Fiscal Detail
and Notes |
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This
bill includes General Fund appropriations totaling $200,000 for the
Department of Defense, Veterans and Emergency Management in fiscal year
2004-05. |
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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. |
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