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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 Part. | | Any unencumbered balances remaining at the completion of the | | project in this Part lapse to the debt service account established | | for the retirement of these bonds. |
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| | | Sec. C-4. Interest and debt retirement. The Treasurer of State shall pay | | interest due or accruing on any bonds issued under this Part and | | all sums coming due for payment of bonds at maturity. |
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| | | Sec. C-5. Disbursement of bond proceeds. The proceeds of the bonds must | | be expended as set out in this Part under the direction and | | supervision of the University of Maine System; the Maine | | Community College System, which was formerly the Maine Technical | | College System; the Maine Maritime Academy; and the Maine State | | Library. |
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| | | Sec. C-6. Allocations from General Fund bond issue. The proceeds of the | | sale of the bonds authorized by this Part must be expended as | | designated in the following schedule. |
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| | | UNIVERSITY OF MAINE SYSTEM |
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| | | Upgrade health and safety features in | | $2,500,000 |
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| | | laboratory buildings at various campuses |
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| | | of the University of Maine System |
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| | | UNIVERSITY OF MAINE SYSTEM |
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| | | Improve and expand the facilities and | | $2,000,000 |
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| | | classrooms at the University of Maine |
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| | | MAINE COMMUNITY COLLEGE SYSTEM |
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| | | Make repairs, upgrades and other | | $12,000,000 |
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| | | facility improvements, enhance access |
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| | | to facilities for students with |
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| | | disabilities and update classroom |
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| | | equipment at all community college |
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