LD 2074
pg. 2
Page 1 of 2 An Act to Increase the Debt Limit of the Calais School District LD 2074 Title Page
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LR 3340
Item 1

 
legal voters within the City of Calais at a special or regular city
meeting or election held prior to July 1, 2002. The election must
be called, advertised and conducted according to law. The city
clerk shall prepare the required ballots, on which the city clerk
shall reduce the subject matter of this Act to the following
question:

 
"Do you favor increasing the debt limit of the Calais School
District from $6,000,000 to 10% of the city valuation?"

 
The voters shall indicate by a cross or check mark placed
against the words "Yes" or "No" their opinion on the question.

 
The results must be declared by the municipal officers of the
City of Calais and due certificate of the results filed by the
city clerk with the Secretary of State.

 
This Act takes effect immediately upon its acceptance by a
majority of the legal voters voting at the election.

 
SUMMARY

 
This bill raises the debt limit of the Calais School District
from $6,000,000 to 10% of city valuation.


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