LD 1677
pg. 135
Page 134 of 158 PUBLIC Law Chapter 386 Page 136 of 158
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LR 2150
Item 1

 
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.

 
PART P

 
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.

 
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.

 
Sec. P-2. Appropriations and allocations. The following appropriations
and allocations are made.

 
ADMINISTRATIVE AND FINANCIAL SERVICES,

 
DEPARTMENT OF

 
Statewide Radio Network System 0112

 
Initiative: Allocates funds to cover the projected debt service
costs associated with the lease-purchase of a radio and network
system.

 
STATEWIDE RADIO AND NETWORK

 
SYSTEM RESERVE FUND2005-062006-07

 
All Other$0$1,372,996


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