LD 299 LR 929(01)
An Act To Increase Voter Knowledge by Placing the Amount of the Total Current Bond Debt on Each Ballot That Contains a Bond Issue
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Sutton of Warren
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $211,800 $211,800 $211,800 $211,800
General Fund $211,800 $211,800 $211,800 $211,800
Fiscal Detail and Notes
This legislation requires that the statement of the Treasurer of State related to bond indebtedness must be printed on the ballot.  The Department of Secretary of State will require annual General Fund appropriations of $211,800 beginning in fiscal year 2017-18 to print the statement on ballots in each November election.  In any year that a June special referendum election is held an additional General Fund appropriation of approximately $110,000 would be needed.