123rd MAINE LEGISLATURE
LD 858 LR 1176(01)
An Act To Authorize a General Fund Bond Issue for the University of Maine for Research and Development
Fiscal Note for Original Bill
Sponsor: Sen. Turner of Cumberland
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Fiscal Note
Current biennium cost increase - General Fund
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $66,214,500 5.0% $18,208,988 $84,423,488
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.