| Sec. 1. Validation and authorization. Notwithstanding any provision of |
the Maine Revised Statutes to the contrary, the school |
construction referendum conducted by the City of Calais on June |
24, 2003 and the proceedings related to that referendum are |
validated and made effective. The Calais School District is |
authorized to expend up to $9,383,367 for the Calais High School |
and Calais Elementary School construction and renovation project |
and to issue bonds or notes that have been approved by the State |
Board of Education for purposes of calculating state school |
construction subsidies in an amount not to exceed $7,726,994, to |
issue local only bonds or notes for the project without state |
subsidy in an amount not to exceed $40,000 and to issue bonds or |
notes or other evidences of indebtedness for the project in an |
amount not to exceed $1,616,373 for zero-interest loans from the |
State's School Revolving Renovation Fund. |