Sec. 6. Allocations from General Fund bond issue; capital infrastructure at University of Maine System and Maine Maritime Academy, and research and development equipment and infrastructure. The proceeds of the sale of the bonds must be expended as designated in the following schedule.

PART ONE - HIGHER EDUCATION

UNIVERSITY OF MAINE SYSTEM

Major improvements on the capital $12,500,000

infrastructure of the University

of Maine System to include libraries

laboratories and classrooms

MAINE MARITIME ACADEMY

Reconstruction and renovation of $4,000,000

dormitories, classrooms and laboratories

PART 2 - RESEARCH & DEVELOPMENT

UNIVERSITY OF MAINE SYSTEM

Capital infrastructure and equipment $4,000,000

for research and development

ECONOMIC AND COMMUNITY DEVELOPMENT,

DEPARTMENT OF - MAINE TECHNOLOGY

INSTITUTE

Maine Biomedical Research Fund - to $4,000,000

support capital infrastructure and

equipment. Eligible institutions are

those delineated in the Maine Revised

Statutes, Title 5, section 13103.

Maine Marine Research Fund- to $2,000,000

support capital infrastructures and

equipment that fosters marine

research capacity and productivity

through competitive research. Eligible

institutions include Maine's private

nonprofit institutions, state governmental

and quasi-governmental agencies and

academic institutions, excluding the

University of Maine System, engaged

in marine research

__________

TOTAL ALLOCATIONS $26,500,000

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 $26,500,00 bond issue for the following purposes:

1. $16,500,000 for major improvements on the capital infrastructure of the University of Maine System to include library, laboratory, classroom and research and development improvements;

2. $4,000,000 for the reconstruction and renovation of dormitories, classrooms and laboratories at the Maine Maritime Academy; and

3. $6,000,000 for biomedical and marine research and development by Maine-based nonprofit and state research institutions?"

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 $26,500,000, will be used for the following purposes:

1. $16,500,000 for major improvements on the capital infrastructure of the University of Maine System to include library, laboratory, classroom and research and development improvements;

2. $4,000,000 for the reconstruction and renovation of dormitories, classrooms and laboratories at the Maine Maritime Academy; and

3. $6,000,000 for biomedical and marine research and development by Maine-based nonprofit and state research institutions.