An Act To Authorize a General Fund Bond Issue in the Amount of $60,000,000 for Municipal Facilities and for Investments in Research, Development, Farming and Affordable Housing in Order To Sustain and Improve Maine's Economy Further amend the bill by striking out everything after the enacting clause and before the summary and inserting in its place the following: PART A Sec. A-I. Authorization of bonds. The Treasurer of State is author ized, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $60,000,000 to raise funds for recapitalizing the Municipal Investment Trust Fund; expanding research and development facilities in the University of Maine System; supporting marine research infrastructure and technology; supporting applied technology development centers; funding economic improvement: completing, expanding and equipping 2 floors of a University of Southern Maine science building; designing and constructing the Gulf of Maine Research Laboratory; funding the capital research infrastructure needs at the University of Maine agricultural Page l-LR2044(2) COMMITTEE AMENDMENT
Maine Legislature, Session 121, LD 1566
Committee Amendment CA_A_H140 (House)
Amends: 5 MRSA §13103

COMMITTEE AMENDMENT ,,~. to H.P. 1148, L.D. 1566, Bill, "An 
Act To Authorize a General Fund Bond Issue in the Amount of 
$70,000,000 
for 
Municipal 
Facilities 
and 
for 
Investments 
in 
Research, Development, Farming and Affordable Housing in Order To 
Sustain and Improve Maine's Economy" 
Amend the bill by striking out the title and substituting 
the following: 
'An Act To Authorize a General Fund Bond Issue in the Amount of 
$60,000,000 
for 
Municipal Facilities 
and 
for 
Investments 
in 
Research, Development, Farming and Affordable Housing in Order To 
Sustain and Improve Maine's Economy' 
Further amend the bill by striking out everything after the 
enacting clause and before the summary and inserting in its place 
the following: 
'PART A 
Sec. A-I. Authorization of bonds. 
The Treasurer of State is 
author ized, under the direction of the Governor, to issue bonds 
in the name and on behalf of the State in an amount not exceeding 
$60,000,000 
to 
raise 
funds 
for 
recapitalizing the Municipal 
Investment 
Trust 
Fund; 
expanding 
research 
and 
development 
facilities in the University of Maine System; supporting marine 
research 
infrastructure 
and 
technology; 
supporting 
applied 
technology 
development 
centers; 
funding 
economic 
improvement: 
completing, expanding and equipping 2 floors of a University of 
Southern Maine science building; designing and constructing the 
Gulf of Maine Research Laboratory; funding the capital research 
infrastructure needs at the University of Maine agricultural 
Page l-LR2044(2) 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT .. /1:. to H. P. 1148, L.D. 1566 
research farms; supporting Maine Farms for the Future Program; 
funding 
educational 
technology 
improvements; 
supporting 
biomedical research and development; 
and developing affordable 
housing in Maine as authorized by 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. A-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 to whom 
sold, the amount received for the bond, the date of sale and the 
date when payable. 
Sec. A-3. 
Sale; how negotiated; proceeds appropriated. 
The 
Treasurer of State may negotiate the sale of the 
bonds 
by 
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. 
Sec. A-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. 
Sec. A-S. 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 Department of Tourism, Economic 
and Community Development, the University of Maine System, the 
Department of Agriculture, Food and Rural Resources and the Maine 
State Housing Authority. 
Sec. A-6. Allocations from General Fund bond issue. 
The proceeds 
of the sale of the bonds must be expended as designated in the 
following schedule. 
Tourism, Economic and Community Development, 
Department of 
Recapitalize the Municipal Investment Trust 
Fund to provide grants and loans to 
municipalities for public facilities 
and infrastructure. 
$6,000,000 
COMMITTEE AMENDMENT 
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University of Maine System - University of Maine 
Provide funds for the Advanced Engineered 
Wood Composites Center to expand research 
facilities for engineered wood composite 
structures. 
University of Maine System 
Provide funds for educational technology 
improvements. 
University of Maine System 
Provide funds for the Maine Economic Improvement 
Fund, in anticipation of $12,000,000 in federal 
and other funding, for research and development 
activities. 
University of Maine System - University of 
Southern Maine 
Provide funds to complete, expand and equip 2 
floors of the research wing of the science 
building on the Portland campus. 
Tourism, Economic and Community Development, 
Department of 
Provide funds to the Marine Infrastructure and 
Technology Fund, in anticipation of $1,000,000 
in federal and private funding. 
Eligible 
institutions include Maine's private nonprofit 
institutions and state governmental and 
quasi-governmental agencies, excluding 
organizations eligible to participate in 
the programs under the Maine Revised 
Statutes, Title 5, section 13103 and the 
University of Maine System. 
Tourism, Economic and Community Development, 
Department of 
Provide funds to the Maine Biomedical Research 
Fund, in anticipation of approximately 
$80,000,000 in federal and private funding, 
to support capital infrastructure and equipment. 
Eligible institutions are those delineated in 
the Maine Revised Statutes, Title 5, section 
$6,000,000 
$3,000,000 
$3,600,000 
$4,400,000 
$1,000,000 
$20,000,000 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT "If: to H.P. 1148, L.D. 1566 
13103. 
These institutions are subject to the 
reporting requirements in this Act related to 
the Maine Biomedical Research Fund. 
Tourism, Economic and Community Development, 
Department of 
Provide funds to the applied technology 
development centers identified in section 10 of 
this Part for infrastructure improvements. 
These funds are subject to the allocation requirements 
identified in section 10 of this Part. 
Tourism, Economic and Community Development, 
Department of 
Provide funds to be allocated to design and 
construct the Gulf of Maine Research 
Laboratory to partner with the fishing 
community on marine research to protect 
and enhance the commercial fishery of 
the Gulf of Maine; to partner with the 
marine biotechnology industry to 
undertake marine biotechnology research; 
and to develop and make available an 
innovative marine sciences education hall 
focused on middle and secondary school 
students and the general public. 
Agriculture, Food and Rural Resources, 
Department of 
Provide funds to the Maine Farms for the Future 
Program. 
University of Maine System - University of Maine 
Provide funds for capital research 
infrastructure needs at the University 
of Maine agricultural research farms. 
Maine State Housing Authority 
Provide funds for affordable housing, 
consistent with the Maine Revised Statutes, 
Title 30-A, section 4347-A, in 
anticipation of $21,150,000 in federal 
and private funding. 
At least $7,500,000 
of the funds will be for workforce 
$2,000,000 
$3,000,000 
$2,000,000 
$1,000,000 
$8,000,000 
COMM/rrEE AMENDMENT 
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COMMITTEE AMENDMENT .~ to H.P. 1148. L.D. 1566 
housing with the balance for other 
multifamily and single-family housing. 
TOTAL ALLOCATIONS 
$60,000,000 
Sec. A·7. Contingent upon ratification of bond issue. 
Sections 1 
to 6 of this Part do not become effective unless the people of 
the State ratify the issuance of the bonds as set forth in this 
Part. 
Sec. A·8. Appropriation balances at year.end. 
At the end of each 
fiscal year, all unencumbered appropriation balances representing 
state money carry forward. 
Bond proceeds that have not been 
expended within 10 years after the date of the sale of the bonds 
lapse to General Fund debt service. 
Sec. A·9. Bonds authorized but not issued. 
Any bonds authorized 
but not issued, or for which bond anticipation notes are not 
issued 
within 
years 
of 
ratification 
of 
this 
Part, 
are 
deauthorized and may not be issued, except that the Legislature 
may, within 2 years after the expiration of that 5-year period, 
extend the period for issuing any remaining unissued bonds or 
bond anticipation notes for an additional amount of time not to 
exceed 5 years. 
Sec. A·10. Applied Technology Development Centers; criteria for 
distribution of bond proceeds. 
The Department of Tourism, Economic 
and 
Community 
Development 
shall 
establish 
a 
process 
for 
distributing the bond proceeds allocated in this Part among the 
following applied technology development centers: 
the Center for 
Environmental Enterprise in South Portland; the Thomas M. Teague 
Biotechnology Park in Fairfield; 
the River Valley Technology 
Center in Rumford; and the composite technology center facility 
in Greenville. 
Funds must be allocated based upon the following priorities: 
1. 
Safety and structural integrity; 
2. 
Completion of renovations currently in process; 
3. 
Accomplishment of planned renovations; and 
4. 
Debt relief for completed projects. 
Sec. A·II. Report. 
The Department of Tourism, Economic and 
Community 
Development 
shall 
report 
to 
the 
Joint 
Standing 
Committee 
on 
Business, 
Research 
and 
Economic 
Development 
by 
November 15, 
2003 on the planned distribution to date of the 
funds as provided in this Part. 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT "~ to H.P. 1148, L.D. 1566 
Sec. A-12. Referendum for ratification; submission at statewide 
election; form of question; effective date. 
This Part must be submitted 
to the legal voters of the State at a 
statewide election on the 
Tuesday following the 2nd Monday of June following passage of 
this Part. 
The municipal officers of this State shall notify the 
inhabitants of their respective cities, towns and plantations to 
meet, in the manner prescribed by law for holding a statewide 
election, to vote on the acceptance or rejection of this Part by 
voting on the following question: 
"Do you favor a $60,000,000 bond issue to stimulate economic 
growth and job creation through investments in research and 
development, 
municipal infrastructure and facilities, 
the 
Maine Farms for the Future Program and affordable housing, 
in anticipation of approximately $114,000,000 in federal and 
private funds? 
The bonds would be used for the following 
purposes: 
1. 
The sum of $6,000,000 to create jobs and reduce property 
tax burdens by providing grants and loans to municipalities 
for public facilities and infrastructure; 
2. 
The 
sum of $6,000,000 to create jobs 
and stimulate 
economic 
growth 
through 
expanded 
research, 
development, 
technology 
commercialization 
and 
business 
incubation 
facilities at the Advanced Engineered Wood Composites Center 
at the University of Maine; 
3. The sum of $3,000,000 to support educational technology 
improvements at the University of Maine System; 
4. 
The sum of $3,600,000 in anticipation of $12,000,000 in 
federal and private funding for University of Maine System 
research and development activities; 
5. 
The sum of $4,400,000 to expand and equip research and 
development 
facilities 
at 
the 
Portland 
campus 
of 
the 
University of Southern Maine; 
6. 
The sum of $1,000,000 in anticipation of $1,000,000 in 
federal and private funding for grants to nonprofit marine 
institutions for research and development; 
7. 
The 
sum 
of 
$20,000,000 
for 
medical 
research 
and 
development by Maine-based biomedical research institutions 
in order to obtain $80,000,000 in matching federal 
and 
private funds for health research to cure disease and to 
retain Maine graduates by providing quality Maine jobs; 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT ,ft' .. to H.P. 1148, L,n. 1566 
8. 
The sum of $2,000,000 to support the State's applied 
technology development centers: 
9. 
The 
sum of $3,000,000 to create jobs 
and stimulate 
economic growth through the design and construction of the 
Gulf of Maine Research Laboratory: 
10. 
The sum of $2,000,000 to support the Maine Farms for 
the Future Program: 
11. 
The 
sum of 
$1,000,000 to support 
funding 
for 
the 
University of Maine agricultural research farms: and 
12. 
The sum of $8,000,000 in anticipation of $21,150,000 in 
federal and private funds for affordable housing. 
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. 
PARTB 
Sec. B-1. 5 MRSA §13103, sub-§2, 1rG, as amended by PL 2001, c. 
196, §s, is further amended to read: 
G. 
Submit each biennium a sQRlRla!'y report to the Governor 
aBQ-~~-be~46±a~Q£e-~~&-~~~e£--ia~~a~i&a-~~~~-~e 
~:ae---Ma-.in&----£i.,iemeQ.,i€a±---Re-se-aFcl:r--~4---as--~-equ-i~~--ay 
sQaseetieB-~-ay-~I~--~:ae-~~~~~~~-~:aa~-~~i~-p!'e~raRl 
~QBQiB~, the joint standing committee of the Legislature 
having 
jurisdiction 
over 
appropriations 
and 
financial 
affairs and the joint standing committee of the Legislature 
having jurisdiction over business, 
research and economic 
development 
matters. 
The 
report 
must 
include 
detailed 
information 
on 
the 
status 
of 
the 
funds 
in 
the 
Maine 
Biomedical Research Fund, a listing and explanation of each 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT .. (t:. to H.P. 1148. L.n. 1566 
specific source of funding from grant sources for biomedical 
research and its u_se and the number of new jobs created in 
the State and where those jobs are located. 
Sec. B-2. Contingent effective date. 
This Part takes effect only 
if the voters ratify the referendum as provided in Part A of this 
Act. ' 
SUMMARY 
This amendment reduces the amount of bonds authorized from 
$70,000,000 to $60,000,000 and expands the purposes of the bonds 
authorized to include funding ec:.lllomic improvement; completing, 
expanding and equipping 2 floors of a University of Southern 
Maine science building; designing and constructing the Gulf of 
Maine 
Research 
Laboratory; 
and 
funding 
the 
capital 
research 
infrastructure needs at the University of Maine agricultural 
research farms. 
Under this amendment, the funds provided by this 
bond issue, in the amount of $60, 000, 000, will be used for the 
following purposes: 
1. 
The sum of $6,000,000 to create jobs and reduce property 
tax burdens by providing grants and loans to municipalities for 
public facilities and infrastructure; 
2. 
The 
sum of $6,000,000 to create jobs and stimulate 
economic 
growth 
through 
expanded 
research, 
development, 
technology commercialization and business incubation facilities 
at 
the 
Advanced 
Engineered 
Wood 
Composites 
Center 
at 
the 
University of Maine; 
3. 
The sum of $3,000,000 to support educational technology 
improvements at the University of Maine System; 
4. 
The sum of $3,600,000 in anticipation of $12,000,000 in 
federal 
and private 
funding 
for 
University of 
Maine 
System 
research and development activities; 
5. 
The sum of $4,400,000 to expand and equip research and 
development facilities at the Portland campus of the University 
of Southern Maine; 
6. 
The sum of $1, 000,000 in anticipation of $1,000,000 in 
federal 
and private 
funding 
for 
grants 
to 
nonprofit marine 
institutions for research and development; 
7. 
The 
sum 
of 
$20,000,000 
for 
medical 
research 
and 
development by Maine-based biomedical research institutions in 
order to obtain matching federal funds for health research to 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT".tr to H.P. 1148, L.D. 1566 
cure disease and to retain Maine graduates by providing quality 
Maine jobs; 
8. 
The sum of $2,000,000 to support the State's applied 
technology development centers; 
9. 
The 
sum of $3,000,000 to create jobs 
and stimulate 
economic growth through the design and construction of the Gulf 
of Maine Research Laboratory; 
10. 
The sum of $2,000,000 to support the Maine Farms for 
the Future Program; 
11. 
The 
sum 
of 
$1,000,000 
to support funding for 
the 
University of Maine agricultural research farms; and 
12. 
The sum of $8,000,000 in anticipation of $21,150,000 in 
federal and private funds for affordable housing. 
The amendment also requires the Maine Biomedical Research 
Board to report each biennium to the joint standing committees of 
the 
Legislature 
having 
jurisdiction over 
appropriations 
and 
financial affairs and business, research and economic development 
matters on the status of the Maine Biomedical Research Fund, 
detailed information on the distribution of the funds to eligible 
institutions, 
including the 
amount of funds 
each institution 
receives and a 
breakdown and explanation of all funding from 
specified grant sources for biomedical research, listing each 
specific source of funding and its use and the number of new jobs 
created in the State and the location of those jobs. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Bond Issues 
General Fund - Non-taxable 
General Fund - Taxable 
Referendum Costs 
Approved: 04/15/03 ~ac. 
Office of Fiscal and Program Review 
LD 1566 
An Act To Authorize a General Fund Bond Issue in the Amount of 
$60,000,000 for Municipal Facilities and for Investments in Research, 
Development, Farming and Affordable Housing in Order To Sustain and 
Improve Maine's Economy 
LR 2044(02) 
Fiscal Note for Bill as Amended by Committee Amendment" " 
Committee: Appropriations and Financial Affairs 
Fiscal Note Required: Yes 
Fiscal Note 
Current biennium cost increase - General Fund 
Term(years) 
Principal 
Rate (%) 
Interest 
Total Cost 
$44,000,000 
4.1% 
$9,922,000 
$53,922,00; 
$16,000,000 
5.2% 
$4,576,000 
$20,576,000 
$60,000,000 
$14,498,000 
$74,498,000 
Month/Year 
Election Type 
Question 
Lengtb 
Jun-03 
Special 
Bond Issue 
Standard 
The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general 
election in November. If the number or size of the referendum questions increases the ballot length, an additional 
appropriation of $8,000 or more may be required. A special election in June of 2003 would require an additional 
appropriation of$121,392 in fiscal year 2003-04. No appropriation is provided for this purpose at this time. 
LR2044(2) - Fiscal Note - Page 1 of 1