‘An Act To Authorize a General Fund Bond Issue for Higher Education’
| SP0278 LD 874 |
Second Regular Session - 125th Maine Legislature C "A", Filing Number S-574, Sponsored by
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LR 1617 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 for Higher Education’
Amend the bill in section 1 in the 3rd line (page 1, line 8 in L.D.) by striking out the following: "$27,100,000" and inserting the following: '$11,300,000'
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.
| UNIVERSITY OF MAINE SYSTEM | |
| University of Maine System |
| Total | $7,800,000 |
| MAINE COMMUNITY COLLEGE SYSTEM | |
| Maine Community College System |
| Total | $3,000,000 |
| MAINE MARITIME ACADEMY | |
| Maine Maritime Academy |
| Total | $500,000 |
Amend the bill in section 9 by striking out all of the question (page 5, lines 14 to 17 in L.D.) and inserting the following:
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"Do you favor an $11,300,000 bond issue to provide funds for capital to build a diagnostic facility for the University of Maine System; for capital improvements and equipment, including machine tool technology, for the Maine Community College System; and for capital improvements and equipment at the Maine Maritime Academy?"
’summary
This amendment is the majority report. It reduces from $27,100,000 to $11,300,000 the amount of the General Fund bond issue authorized by this Act and specifies that the bond proceeds be used to build a diagnostic facility for the University of Maine System and for capital improvements and equipment for the Maine Community College System and the Maine Maritime Academy.