124th MAINE LEGISLATURE
		LD 1826		LR 2648(11)
	An Act To Authorize Bond Issues for Ratification by the Voters for the June 2010 Election
	Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
	Sponsor: Sen. Diamond of Cumberland
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		($227,961)	($1,900,539)	$1,110,000	$1,110,000
Appropriations/Allocations
	General Fund		$0	$5,981,500	$1,110,000	$1,110,000
Transfers
	General Fund		$227,961	$7,882,039	$0	$0
Bond Issues		Term (years)	Principal	Rate (%)	Interest	Total Cost
	General Fund - Non-Taxable	10	($22,250,000)	4.0%	($4,895,000)	($27,145,000)
	General Fund - Taxable	10	($18,450,000)	5.0%	($5,073,750)	($23,523,750)
Fiscal Detail and Notes
	This amendment reduces the amount of the bonds to be authorized by $40,700,000.  It also reduces the amount of the General Fund appropriations for debt service and adds a General Fund appropriation of $7,000,000 for rail acquisition.
	This amendment also commits the remaining balance in the short-term contingency account established by Public Law 2009, chapter 571, Part KK and reduces the amount of the enacted transfers to the Maine Budget Stabilization Fund to offset the net increase of General Fund appropriations.
	It also reduces the amount of the one-day borrowing from Other Special Revenue Funds at the end of fiscal year 2009-10 authorized by Public Law 2009, chapter 571, Part CCC by $5,200,000.