|
|
|
|
|
|
|
|
129th MAINE LEGISLATURE |
|
|
LD 1850 |
|
LR 2576(01) |
|
|
|
An Act To
Authorize a General Fund Bond Issue To Improve Highways, Bridges and
Multimodal Facilities |
|
Fiscal Note for
Original Bill |
|
Sponsor: Sen. Diamond of Cumberland |
|
Committee: Not Referred |
|
Fiscal Note Required: Yes |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
| Current biennium cost increase - General Fund |
|
|
|
|
|
|
|
| Bond Issues |
Term (years) |
Principal |
Rate (%) |
Interest |
Total Cost |
|
General Fund - Non-Taxable |
10 |
$89,000,000 |
4.25% |
$20,803,750 |
$109,803,750 |
|
General Fund - Taxable |
10 |
$16,000,000 |
4.75% |
$4,180,000 |
$20,180,000 |
|
|
|
|
|
|
|
| Referendum Costs |
|
Month/Year |
Election Type |
Question |
Length |
|
|
|
Nov-19 |
General |
Bond Issue |
Standard |
|
The Secretary of
State's budget includes sufficient funds to accommodate one ballot of average
length for the general election in November.
If the number or size of the referendum questions requires production
and delivery of a second ballot, an additional appropriation of $172,000 may
be required. |
|
|
|
|
|
|
|