Skip to main content

Posts

Showing posts with the label government secrecy

Fiscal Information Required by Maine Constitution to Accompany Bond Questions

TWEET THIS: http://goo.gl/H6bdsd Continuing my investigation into the constitutional bond ratification process : This looks like the fiscal information which is constitutionally  required to accompany the bond questions . This information is found on the Maine Treasurer's report to the Maine legislature. Treasurer Douglass's February 12, 2014 Bond Update to MaineLegislature : Honorable Members of the 126th Maine Legislature: Update on General Obligation Bonds: $52M funded to date; $84M total expected in FY2014; $78M requested in Q1 FY 2015  excerpt: Here are some additional facts about Maine General Obligation Bonds: • Maine GO bonds are traditionally structured to mature in 10 years, with two payments per year after the initial borrowing. • AU bonds expire after 5 years if not issued, but may be reauthorized for 2 years by the Legislature.* • GO bonds are issued by the State Treasurer with the full faith and credit of the State. • Th