LD 164
pg. 3
Page 2 of 3 An Act To Authorize a General Fund Bond Issue in the Amount of $30,000,000 To F... LD 164 Title Page
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LR 1316
Item 1

 
Sec. B-10. Referendum for ratification; submission at statewide election; form of question;
effective date. This Part must be submitted to the legal voters of
the State at a statewide election held on the Tuesday
following the first Monday of November following passage of
this Part. The municipal officers of this State shall notify
the inhabitants of their respective cities, towns and
plantations to meet, in the manner prescribed by law for
holding a statewide election, to vote on the acceptance or
rejection of this Part by voting on the following question:

 
"Do you favor a $30,000,000 bond issue to increase the
State's School Revolving Renovation Fund for capital
repairs and improvements in public school facilities to
address health, safety and compliance deficiencies,
general renovation needs and learning space upgrades?"

 
The legal voters of each city, town and plantation shall
vote by ballot on this question and designate their choice by
a cross or check mark placed within a corresponding square
below the word "Yes" or "No." The ballots must be received,
sorted, counted and declared in open ward, town and plantation
meetings and returns made to the Secretary of State in the
same manner as votes for members of the Legislature. The
Governor shall review the returns and, if a majority of the
legal votes are cast in favor of this Part, the Governor shall
proclaim the result without delay, and this Part becomes
effective 30 days after the date of the proclamation.

 
The Secretary of State shall prepare and furnish to each
city, town and plantation all ballots, returns and copies of
this Part necessary to carry out the purposes of this
referendum.

 
SUMMARY

 
This bill provides funds through a bond issue, in the amount
of $30,000,000, to be used to increase funds in the School
Revolving Renovation Fund for repairs and improvements in
public school facilities to address health, safety and
compliance deficiencies, general renovation needs and learning
space upgrades.

 
This bill also requires that 15% of funds awarded from the
School Revolving Renovation Fund for renovation projects must
be used for aspects of the renovation that promote energy
efficiency.


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