| 122nd MAINE LEGISLATURE | |||||||||
| LD 800 | LR 1269(01) | ||||||||
| An Act To Authorize a General Fund Bond Issue for the Land for Maine's Future Program | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Andrews of York | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| General Fund - Non-taxable | 10 | $75,000,000 | 3.7% | $15,262,500 | $90,262,500 | ||||
| Referendum Costs | Month/Year | Election Type | Question | Length | |||||
| Not Specified | Not Specified | Referendum | 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. The bill does not indicate whether the referendum would be part of the general election in November or be a special election typically held in June. A special election would require an additional appropriation of $139,560. | |||||||||