LD 786
pg. 3
Page 2 of 3 An Act To Authorize a General Fund Bond Issue for Maine Resident College Gradua... LD 786 Title Page
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LR 1687
Item 1

 
the returns and, if a majority of the legal votes are cast in favor
of this Act, the Governor shall proclaim the result without delay,
and this Act becomes effective 30 days after the date of the
proclamation.

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

 
SUMMARY

 
The funds provided by this bond issue, in the amount of
$50,000,000, will be used to defray a portion of the cost of a
Maine resident's college education at either an in-state or out-
of-state postsecondary school if, after graduation, the
individual is employed in Maine.


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