LD 1591
pg. 3
Page 2 of 4 An Act To Authorize a General Fund Bond Issue in the Amount of $13,300,000 To A... Page 4 of 4
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LR 2069
Item 1

 
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 may not
be issued, except that the Legislature may, within 2 years after
the expiration of that 5-year period, extend the period for issuing
any remaining unissued bonds or bond anticipation notes for an
additional amount of time not to exceed 5 years.

 
Sec. 10. Referendum for ratification; submission at statewide election; form of
question; effective date. This Act must be submitted to the legal voters
of the State at a statewide election held on the Tuesday
following the first Monday of June following passage of this Act.
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 Act by voting on the
following question:

 
"Do you favor a $13,300,000 bond issue to address health,
safety and compliance deficiencies in the University of
Maine System; to expedite the creation of a community
college system; to make improvements to state parks; to make
cultural improvements; and to modernize the state court
system?"

 
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 Act, the Governor shall proclaim the result without
delay, and this Act 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 Act
necessary to carry out the purposes of this referendum.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect when approved.

 
SUMMARY

 
The funds provided by this bond issue, in the amount of
$13,300,000, will be used for the following purposes:


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