LD 1232
pg. 3
Page 2 of 3 RESOLUTION, Proposing an Amendment to the Constitution of Maine To Increase the... LD 1232 Title Page
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LR 860
Item 1

 
that fact without delay and the amendment becomes part of the
Constitution of Maine on the date of the proclamation; and be it
further

 
Secretary of State shall prepare ballots. Resolved: That the Secretary of
State shall prepare and furnish to each city, town and
plantation all ballots, returns and copies of this resolution
necessary to carry out the purposes of this referendum.

 
SUMMARY

 
This constitutional resolution increases the debt limit of
the State from $2,000,000 to $30,000,000 when the total
outstanding debt of a public instrumentality of the State that
acquires, constructs or improves buildings for use by the
State is $30,000,000 or less and that public instrumentality
is prohibited from incurring any additional debt or liability.


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