CHAPTER 42

H.P. 1452 - L.D. 1953

An Act To Validate Certain Proceedings Authorizing the

Issuance of Bonds and Notes by the Calais School District

Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, the management and control of public school buildings located in the City of Calais are vested in the Calais School District, which includes the territory of the City of Calais; and

Whereas, the State Board of Education has granted concept approval and design and funding approval for a school construction project to construct and equip additions and do renovations to Calais Elementary School and Calais High School; and

Whereas, at a first referendum held on May 29, 2002, the voters of the City of Calais voted to authorize the Board of Trustees of the Calais School District to expend an amount not to exceed $8,824,585 for the project, to issue bonds or notes in the name of the Calais School District for school construction purposes in an amount not to exceed $7,208,212 and to issue additional bonds or notes or other evidences of indebtedness in an amount not to exceed $1,616,373 for zero-interest loans from the State's School Revolving Renovation Fund; and

Whereas, at a 2nd referendum held on June 24, 2003, the voters of the City of Calais voted to exercise the total project cost to an amount not to exceed $9,383,367 and to authorize the