| 123rd MAINE LEGISLATURE | ||||||
| LD 417 | LR 2108(01) | |||||
| An Act To Authorize the Issuance of a Highway Fund Bond Issue for Maine's Roads and Bridges | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Millett of Waterford | ||||||
| Committee: Transportation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Bond Issues | Term (years) | Principal | Rate (%) | Interest | Total Cost | |
| Highway Fund - Non-Taxable | 10 | $60,000,000 | 5.0% | $16,500,000 | $76,500,000 | |
| Referendum Costs | Month/Year | Election Type | Question | Length | ||
| Nov-07 | General | Bond Issue | Standard | |||
| Fiscal Detail and Notes | ||||||
| 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. | ||||||