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127th MAINE LEGISLATURE |
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LD 1053 |
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LR 1809(02) |
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An Act To
Authorize a General Fund Bond Issue To Stimulate Investment in Innovation by
Maine Businesses To Produce Nationally and Globally Competitive Products and
Services |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium cost increase - General Fund |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Taxable |
10 |
$50,000,000 |
4.5% |
$12,375,000 |
$62,375,000 |
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| Referendum Costs |
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Month/Year |
Election Type |
Question |
Length |
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Jun-17 |
General |
Bond Issue |
Standard |
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The Secretary of
State's budget does not include funding for the June 2017 election. The department would require a General Fund
appropriation of $155,000 to cover the costs of producing and delivering the
ballots and the Citizen's Guide to the Referendum Election. |
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