Approved: 02/25/25
LD 690 LR 308(01)
Bond Issues Term (years) Principal Rate (%) Interest Total Cost
General Fund - Non-Taxable 10 $100,000,000 5.0% $27,500,000 $127,500,000
Referendum Costs Month/Year Election Type Question Length
Nov-25 General Bond Issue Standard
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - General Fund
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 $341,000 may be required.
132nd MAINE LEGISLATURE
An Act to Authorize a General Fund Bond Issue to Provide Funding for Affordable and Low-income
Housing Programs
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Pierce of Cumberland
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
LR0308(01) - Fiscal Note - Page 1 of 1