LD 206 LR 1303(01)
An Act To Raise the University of Maine System Debt Ceiling
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Dunphy of Old Town
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - General Fund
Fiscal Detail and Notes
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.