Sec. 2. Records of bonds issued to be kept by the Treasurer of State. The Treasurer of State shall keep an account of each bond showing the number of the bond, the name of the successful bidder to whom sold, the amount received for the bond, the date of sale and the date when payable.

Sec. 3. Sale; how negotiated; proceeds appropriated. The Treasurer of State may negotiate the sale of the bonds by direction of the Governor, but no bond may be loaned, pledged or hypothecated on behalf of the State. The proceeds of the sale of the bonds, which must be held by the Treasurer of State and paid by the Treasurer of State upon warrants drawn by the State Controller, are appropriated solely for the purposes set forth in this Act. Any unencumbered balances remaining at the completion of the projects in section 6 lapse to the debt service account established for the retirement of these bonds.

Sec. 4. Interest and debt retirement. The Treasurer of State shall pay interest due or accruing on any bonds issued under this Act and all sums coming due for payment of bonds at maturity.

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 Department of Environmental Protection, the Department of Human Services, the Department of Economic and Community Development and the Department of Agriculture, Food and Rural Resources.

Sec. 6. Allocations from General Fund bond issue to construct and upgrade water pollution control facilities, to limit water pollution discharges from Maine farms and construct agricultural storage facilities, to remediate municipal solid waste landfills, to clean up tire stockpiles and to make drinking water system improvements. The proceeds of the sale of the bonds must be expended as designated in the following schedule.

ENVIRONMENTAL PROTECTION, DEPARTMENT OF

Loans to construct and upgrade water $2,500,000

pollution control facilities matched

by $12,500,000 in federal funds

Grants to construct water pollution $3,500,000

control facilities and subsidize

lower sewer user fees

Grants to municipalities, homeowners $1,000,000

and businesses to remove overboard

discharges

Grants to municipalities through the $1,500,000

Small Communities Grants Program

Grants to municipalities to remediate $1,000,000

solid waste landfills

Clean up of tire stockpiles to protect $500,000

the public health and safety and the

environment

HUMAN SERVICES, DEPARTMENT OF

Grants and loans for public drinking $3,000,000

water system improvements matched by

$15,760,000 in federal funds

ECONOMIC AND COMMUNITY DEVELOPMENT,

DEPARTMENT OF

Grants and loans to municipalities $300,000

for public infrastructure through

the Municipal Investment Trust Fund

AGRICULTURE, FOOD AND RURAL

RESOURCES, DEPARTMENT OF

Construction of new or retrofitting $2,000,000

existing pollution control

structures on Maine farms to comply

with state law. These state funds

will be matched with federal and

private funds

Construction of environmentally $700,000

sound water sources that help

avoid drought damage to crops

Recapitalize the Potato Marketing $1,000,000

Improvement Fund. These state

funds will match private funds

and be used to construct potato

storage facilities

__________

TOTAL ALLOCATIONS $17,000,000

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 $17,000,000 bond issue to provide:

1. The sum of $6,000,000 to construct and upgrade water pollution control facilities, providing the state match for $12,500,000 in federal funds;

2. The sum of $1,000,000 to protect the State's drinking water resources by granting funds to cities and towns for the remediation of their solid waste landfills;

3. The sum of $1,500,000 to protect public health and safety and the environment by providing funds to remove and replace failing septic systems;

4. The sum of $1,000,000 to protect public health and safety and the environment by providing funds to remove overboard discharges;

5. The sum of $500,000 to protect the public health and safety and the environment by providing funds for the cleanup of tire stockpiles;

6. The sum of $3,000,000 to support drinking water system improvements that address public health threats, providing the state match for $15,760,000 in federal funds;

7. The sum of $300,000 for grants and loans to municipalities for public infrastructure through the Municipal Investment Trust Fund;

8. The sum of $2,000,000 to construct new or retrofit existing pollution control structures on Maine farms to protect the environment;

9. The sum of $700,000 to construct environmentally sound water sources that help avoid drought damage to crops; and

10. The sum of $1,000,000 to recapitalize the Potato Marketing Improvement Fund?"

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.

Maine State Law and Legislative Reference Library
43 State House Station
Augusta, ME 04333