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132nd MAINE LEGISLATURE |
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LD 1997 |
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LR 2809(01) |
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An Act to
Authorize Issuance of Securities to Modernize and Consolidate Certain Court
Facilities |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Haggan of Penobscot |
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Committee: Judiciary |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium cost increase - General Fund |
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| Fiscal Detail
and Notes |
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This bill expands
the purposes for which bonds related to the judicial branch may be issued to
now include acquiring and improving property relating to the judicial branch
in Cumberland, Franklin, Penobscot and Sagadahoc Counties. Although the
overall cap of judicial branch bonds outstanding at any one time remains at
$205,000,000, expanding the projects eligible to be bonded may create
additional future debt service costs to the Genreal Fund that would not have
been incurred absent this bill. No estimate of future cost can be made until a specific bond project
becomes known. |
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