LD 1378
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Page 1 of 2 An Act to Authorize a General Fund Bond Issue in the Amount of $65,200,000 for ... LD 1378 Title Page
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LR 1599
Item 1

 
Sec. 5. Disbursement of bond proceeds. The proceeds of the bonds must
be expended as set out in section 6 under the direction and
supervision of the University of Maine System and the Maine
Maritime Academy.

 
Sec. 6. Allocations from General Fund bond issue for improvements at the State's
public universities and the Maine Maritime Academy. The proceeds of the sale
of the bonds must be expended as designated in the following
schedule.

 
UNIVERSITY OF MAINE

 
To pay a portion of design and$21,000,000

 
construction costs for the library

 
addition and the renewal of a classroom

 
facility.

 
UNIVERSITY OF MAINE

 
AT AUGUSTA

 
To pay a portion of the construction$8,000,000

 
of a technology classroom and student

 
center facility.

 
UNIVERSITY OF MAINE

 
AT FARMINGTON

 
To pay a portion of the construction of an$5,000,000

 
education classroom facility.

 
UNIVERSITY OF MAINE

 
AT FORT KENT

 
To pay a portion of the construction of a$3,200,000

 
health/tech center connector building

 
and the renewal of a library/classroom.

 
UNIVERSITY OF MAINE

 
AT MACHIAS

 
To pay a portion for improvements to the$4,000,000

 
science laboratory.

 
UNIVERSITY OF MAINE

 
AT PRESQUE ISLE

 
To pay a portion of the construction of$6,000,000

 
a health and physical education complex.

 
UNIVERSITY OF SOUTHERN MAINE

 
To pay a portion of the construction of$14,000,000

 
a community education facility and the

 
renewal of a library/classroom.

 
MAINE MARITIME ACADEMY

 
To pay a portion of the construction and$4,000,000

 
renovation of dormitories, classrooms and

 
laboratories.

 
Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not
become effective unless the people of the State have ratified 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
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 of Maine at a statewide election held on the Tuesday
following the first Monday of November 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 $65,200,000 bond issue to make improvements
to the State's 7 public universities and the Maine Maritime
Academy?"

 
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 purpose of this referendum.

 
SUMMARY

 
The funds provided by this bond issue, in the amount of
$65,200,000, will be used to fund a variety of improvements at
the State's 7 public universities and the Maine Maritime Academy.
Twenty-one million dollars of the bond proceeds are allocated to
the University of Maine for the construction of an addition to
the library and the renewal fee for the art classroom facility.
Eight million dollars are allocated to the University of Maine at
Augusta for the construction of a combination technology
classroom and student center facility. Five million dollars are
allocated to the University of Maine at Farmington for the
construction of an education classroom facility. Three million
two hundred thousand dollars are allocated to the University of
Maine at Fort Kent for the construction of a combination health
and technology center connector building and the renewal of a
combination library and classroom. Four million dollars are
allocated to the University of Maine at Machias for improvements
to the science laboratory. Six million dollars are allocated to
the University of Maine at Presque Isle for the construction of a
health and physical education complex. Fourteen million dollars
are allocated to the University of Southern Maine for the
construction of a community education facility and the renewal of
the combination of a classroom and library. Four million dollars
are allocated to the Maine Maritime Academy for the construction
and renovation of dormitories, classrooms and laboratories.


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