LD 998
pg. 13
Page 12 of 18 PUBLIC Law Chapter 462 Page 14 of 18
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LR 2238
Item 1

 
election, to vote on the acceptance or rejection of this Part by
voting on the following question:

 
"Do you favor a $20,000,000 bond issue to stimulate economic
growth and job creation through investments in the Maine
economy in anticipation of approximately $44,000,000 in
federal and private funds for medical research and
development; marine research and development; equity
investments in small Maine companies with potential for high
growth; the New Century Community Program for capital
improvements to cultural resources; the renovation of Camden
Hall on the University of Maine Bangor campus for a graduate
school for biomedical science; the development of the
Laboratory for Surface Science Technology; capital costs and
equipment for the career center facility at the University
of Southern Maine's Lewiston-Auburn College; and the
development of the Sunrise Business and Career Center in the
Town of Jonesboro?"

 
The legal voters of each city, town and plantation shall vote
by ballot on this question and designate their choice by a cross
or check mark placed within a corresponding square below the word
"Yes" or "No." The ballots must be received, sorted, counted and
declared in open ward, town and plantation meetings and returns
made to the Secretary of State in the same manner as votes for
members of the Legislature. The Governor shall review the
returns and, if a majority of the legal votes are cast in favor
of this Part, the Governor shall proclaim the result without
delay, and this Part 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 Part
necessary to carry out the purposes of this referendum.

 
PART E

 
Sec. E-1. Authorization of bonds. The Treasurer of State is
authorized, under the direction of the Governor, to issue bonds
in the name and on behalf of the State in an amount not exceeding
$9,000,000 for the purposes described in section 6 of this Part.
The bonds are a pledge of the full faith and credit of the State.
The bonds may not run for a period longer than 10 years from the
date of the original issue of the bonds. At the discretion of
the Treasurer of State, with the approval of the Governor, any
issuance of bonds may contain a call feature.

 
Sec. E-2. Records of bonds issued kept by Treasurer of State. The Treasurer of
State shall keep an account of each bond showing the number of
the bond, the name of the successful bidder


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