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129th MAINE LEGISLATURE |
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LD 206 |
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LR 1303(01) |
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An Act To Raise
the University of Maine System Debt Ceiling |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Dunphy of Old Town |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Potential current biennium cost increase - General Fund |
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| Fiscal Detail
and Notes |
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Increasing the
University of Maine System's bond ceiling from $220,000,000 to $350,000,000
to allow for the financing of potential future capital improvement projects
may require a General Fund appropriation if, given this increased authority,
the university system issues bonds that do not generate the anticipated
additional revenue and require debt service payments from the General Fund. |
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