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128th MAINE LEGISLATURE |
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LD 832 |
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LR 483(01) |
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An Act To Carry
Out the Will of the People of the State of Maine by Ensuring the Issuance of
Bonds To Support the Independence of Maine's Seniors |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Katz of Kennebec |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Bonds already authorized must be issued |
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| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
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General Fund - Taxable |
10 |
$15,000,000 |
4.75% |
$3,918,750 |
$18,918,750 |
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| Fiscal Detail
and Notes |
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This bill
requires bonds for senior housing that have already been authorized by the
voters but have not yet been issued to be issued. |
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Additional costs
to the Maine State Housing Authority to issue certain required notifications
and prepare a required annual report can be absorbed within existing budgeted
resources. |
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