LD 1052
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Page 1 of 3 An Act To Authorize a General Fund Bond Issue in the Amount of $5,800,000 To Ad... Page 3 of 3
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LR 1142
Item 1

 
ECONOMIC AND COMMUNITY DEVELOPMENT,

 
DEPARTMENT OF

 
To fully fund those applied technology

 
development centers, in accordance with the

 
Maine Revised Statutes, Title 5, section

 
15321, that have outstanding debt service

 
costs resulting from building costs,

 
including construction, renovation and

 
purchase; and to provide funds to ensure

 
that each center has televideo conferencing

 
capability, as follows:

 
Target Applied Technology Development$600,000

 
Center, Orono

 
Environmental Science Applied Technology600,000

 
Development Center, South Portland

 
River Valley Applied Technology Development600,000

 
Center Rumford

 
Composites Applied Technology Development1,000,000

 
Center, Greenville

 
Marine and Aquaculture Applied Technology500,000

 
Development Center, Orono

 
Teague Biotechnology Center of Maine,2,000,000

 
Fairfield

 
Televideo conferencing capability500,000

 
ECONOMIC AND COMMUNITY DEVELOPMENT,

 
DEPARTMENT OF__________

 
TOTAL$5,800,000

 
Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not
become effective unless the people of the State ratify the
issuance of the bonds as set forth in this Act.

 
Sec. 8. Appropriation balances at year-end. At the end of each fiscal
year, all unencumbered appropriation balances representing
state money carry forward. Bond proceeds that have not been
expended within 10 years after the date of the sale of the
bonds lapse to General Fund debt service.

 
Sec. 9. Bonds authorized but not issued. Any bonds authorized but not
issued, or for which bond anticipation notes are not issued
within 5 years of ratification of this Act, are deauthorized
and


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