| 122nd MAINE LEGISLATURE | |||||||||
| LD 1272 | LR 1389(02) | ||||||||
| An Act To Ensure Compliance with the Federal Americans with Disabilities Act for Court Facilities | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Appropriations and Financial Affairs | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $27,500 | $103,625 | $100,875 | $98,125 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $27,500 | $103,625 | $100,875 | $98,125 | |||||
| Bond Issues | Term(years) | Principal | Rate (%) | Interest | Total Cost | ||||
| Me Gov Fac Auth (MGFA) | 20 | $1,000,000 | 5.5% | $577,500 | $1,577,500 | ||||
| Fiscal Detail and Notes | |||||||||
| Authorizing the Maine Government Facilities Authority to issue securities in the amount of $1,000,000 to retrofit court facilities will require General Fund appropriations to the Judicial Department in the amount of $27,500 in fiscal year 2005-06 and $103,625 in fiscal year 2006-07. This appropriation will provide funds for the debt service associated with this proposed borrowing. | |||||||||