LD 353
pg. 2
Page 1 of 3 An Act To Authorize a General Fund Bond Issue in the Amount of $500,000 To Fund... Page 3 of 3
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LR 1562
Item 1

 
2003-04

 
ADMINISTRATIVE AND FINANCIAL SERVICES,

 
DEPARTMENT OF$500,000

 
Provides funds to match fund-raising

 
efforts to create the Challenger

 
Learning Center of Maine on the

 
University College of Bangor campus to

 
increase students' abilities in math,

 
science and high technology.

 
Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not
become effective unless the people of the State ratify 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 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 $500,000 bond issue to match fund-raising
efforts to create the Challenger Learning Center of Maine
on the University College of Bangor campus to increase
students' abilities in math, science and high technology?"

 
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,


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