‘An Act To Authorize a General Fund Bond Issue To Invest in Downtown Revitalization in Labor Market Areas with Higher than Average Unemployment’
| HP0625 LD 829 |
Second Regular Session - 125th Maine Legislature C "A", Filing Number H-959, Sponsored by
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LR 1604 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Authorize a General Fund Bond Issue To Invest in Downtown Revitalization in Labor Market Areas with Higher than Average Unemployment’
Amend the bill in section 1 in the 3rd line (page 1, line 8 in L.D.) by striking out the following: "$100,000,000" and inserting the following: '$1,000,000'
Amend the bill by striking out all of section 5 and inserting the following:
‘Sec. 5. Disbursement of bond proceeds from General Fund bond issue. The proceeds of the sale of the bonds authorized under this Act must be expended as designated in the following schedule under the direction and supervision of the agencies and entities set forth in this section.
| ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF | |
| Communities for Maine’s Future Program |
| Total | $1,000,000 |
Amend the bill in section 9 by striking out the question (page 3, lines 27 to 33 in L.D.) and inserting the following:
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"Do you favor a $1,000,000 bond issue that provides funds for the Communities for Maine’s Future Program, targeted to particular projects in labor market areas that have an unemployment rate higher than the statewide average?"
’summary
This amendment is the minority report. The funds provided, in the amount of $1,000,000, will be used to provide funds for the Communities for Maine's Future Program, targeted to particular projects in labor market areas that have an unemployment rate higher than the statewide average.