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127th MAINE LEGISLATURE |
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LD 1454 |
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LR 2100(01) |
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Resolve,
Reauthorizing the Balance of the 2009 Bond Issue for Land Conservation
Projects |
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Fiscal Note for
Original Bill |
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Sponsor: Rep. Fredette of Newport |
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Committee: Not Referred |
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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 - Non-Taxable |
10 |
$6,000,000 |
4.0% |
$1,320,000 |
$7,320,000 |
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General Fund - Taxable |
10 |
$470,000 |
4.5% |
$116,325 |
$586,325 |
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| Fiscal Detail
and Notes |
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$6,470,000 of a
previously authorized bond remains unissued and the original 5-year
authorization is expiring. This resolve will extend the authorization until
6-30-16, allowing issuance without going back to the voters for a second
time. There are no additional costs other than the normal debt service costs
anticipated at the time of the original authorization. |
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