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legislation, to the Joint Standing Committee on Appropriations and | | Financial Affairs during the Second Regular Session of the 122nd | | Legislature no later than January 3, 2006. The commission is | | authorized to introduce legislation related to its report to the | | Second Regular Session of the 122nd Legislature at the time of | | submission of its report. |
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| | | Sec. P-1. Department of Administrative and Financial Services; lease-purchase | | authorization. Pursuant to the Maine Revised Statutes, Title 5, | | section 1587, the Department of Administrative and Financial | | Services, Office of Information Technology may enter into | | financing arrangements on or after July 1, 2005 for the | | acquisition of hardware, software and systems to support the | | operations of the Statewide Radio and Network System Reserve | | Fund, established in Title 5, section 1520. The financial | | agreements may not exceed 7 years in duration and $10,000,000 in | | principal costs. The interest rate may not exceed 6% and interest | | costs may not exceed $2,500,000. |
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| | | The Department of Administrative and Financial Services, | | Office of Information Technology may enter into financing | | arrangements on or after July 1, 2006 for the acquisition of | | hardware, software and systems to support the operations of the | | Statewide Radio and Network System Reserve Fund, established in | | Title 5, section 1520. The financial agreements may not exceed 7 | | years in duration and $10,000,000 in principal costs. The | | interest rate may not exceed 6% and interest costs may not exceed | | $2,500,000. Annual principal and interest costs must be paid from | | the appropriate line category allocations in the Office of | | Information Technology, Statewide Radio and Network System | | Reserve Fund. |
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| | | Sec. P-2. Appropriations and allocations. The following appropriations | | and allocations are made. |
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| | | ADMINISTRATIVE AND FINANCIAL SERVICES, |
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| | | Statewide Radio Network System 0112 |
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| | | Initiative: Allocates funds to cover the projected debt service | | costs associated with the lease-purchase of a radio and network | | system. |
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| | | STATEWIDE RADIO AND NETWORK |
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| | | SYSTEM RESERVE FUND | 2005-06 | 2006-07 |
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