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 on the Tuesday following the first Monday of June 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 $70,000,000 bond issue to stimulate economic growth and job creation through investments in research and the development, municipal infrastructure and facilities, the Maine Farms for the Future Program and affordable housing, in anticipation of approximately $150,000,000 in federal and private funds? The bonds would be used for the following purposes:

1. $6,000,000 to create jobs and reduce property tax burdens by providing grants and loans to municipalities for public facilities and infrastructure;

2. $7,500,000 to create jobs and stimulate economic growth through expanded research, development, technology commercialization and business incubation facilities at the Advanced Engineered Wood Composites Center at the University of Maine;

3. $3,000,000 to support educational technology improvements at the University of Maine System;

4. $3,600,000 in anticipation of $12,000,000 in federal and private funding for University of Maine System research and development capital activities;

5. $4,900,000 to expand and equip research and development facilities at the Portland campus of the University of Southern Maine;