An Act To Authorize a General Fund Bond Issue in the Amount of $30,000,000 To Fund Healthy Schools Through the School Revolving Renovation Fund
Maine Legislature, Session 121, LD 0164
Committee: Appropriations and Financial Affairs
Sponsors: TREAT, BROMLEY, DOUGLASS, HALL, ROTUNDO, MAILHOT, MAKAS, SIMPSON
Amends: 30-A MRSA §6006-F

Legislative Document 
No. 164 
S.P.87 
In Senate, January 21, 2003 
An Act To Authorize a General Fund Bond Issue in the Amount of 
$30,000,000 To Fund Healthy Schools Through the School 
Revolving Renovation Fund 
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed. 
Presented by Senator TREAT of Kennebec. 
JOY J. O'BRIEN 
Secretary of the Senate 
Cosponsored by Senators: BROMLEY of Cumberland, DOUGLASS of Androscoggin, HALL 
of Lincoln, ROTUNDO of Androscoggin, Representatives: MAILHOT of Lewiston, MAKAS 
of Lewiston, SIMPSON of Auburn. 
Printed on recycled paper 
Preamble. 
Two 
thirds of both Houses of the Legislature 
deeming it necessary in accordance with the Constitution of 
Maine, Article IX, Section 14 to authorize the issuance of bonds 
on behalf of the State of Maine to provide funds as described in 
this Act 
Be it enacted by the People of the State of Maine as follows: 
PART A 
Sec. A-I. 30-A MRSA §6006-F, sub-§9 is enacted to read: 
9. 
Energy efficiency. 
Fifteen percent of funds awarded to 
the fund for renovation projects must be used to fund aspects of 
the renovation that promote energy efficiency. 
PARTB 
Sec. B-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 
$30,000,000 to raise funds for the purpose of increasing funds to 
the School Revolving Renovation Fund for repairs and improvements 
to 
public 
schools 
to 
address 
serious 
health, 
safety 
and 
compliance deficiencies, including those related to indoor air 
quality, roof system integrity, asbestos and accessibility; to 
support other repairs and improvements related to the schools' 
structural integrity, heating system, doors and windows; and to 
provide for other learning space upgrades such as improvements to 
science laboratories and vocational space and increased classroom 
flexibili ty 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, 
wi th the approval of the Governor, 
any issuance of bonds may 
contain a call feature. 
Sec. B-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. B-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 
Page l-LR13l6(1) 
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. B·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. B·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 Maine Municipal Bond Bank as 
designated by the Commissioner of Education in accordance with 
the 
Maine 
Revised Statutes, 
Title 
30-A, 
section 
of 
this 
Part006-F. 
Sec. B·6. Allocations from General Fund bond issue. 
The proceeds 
of the sale of the bonds must be expended as designated in the 
following schedule. 
EDUCATION, DEPARTMENT OF 
Provides additional funds for renovation 
and capital repairs and improvements of 
public school facilities to address 
health, safety and compliance deficiencies, 
general renovation needs and learning 
space upgrades. 
$30,000,000 
Sec. B·7. Contingent upon ratification of bond issue. 
Sections 1 
to 6 
do not become effective unless the people of the State 
ratify the issuance of the bonds as set forth in this Part. 
Sec. B·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. B·9. Bonds authorized but not issued. 
Any bonds author i zed 
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. B-I0. 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 held on 
the Tuesday following the first Monday of November 
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 
$30,000,000 
bond issue to increase 
the 
State's School Revolving Renovation Fund for capital repairs 
and 
improvements 
in public school facilities 
to 
address 
health, 
safety 
and 
compliance 
deficiencies, 
general 
renovation needs and learning space upgrades?" 
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 wi thin 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. 
SUMMARY 
This bill provides funds through a bond issue, in the amount 
of $30,000,000, 
to be 
used 
to 
increase funds 
in the 
School 
Revolving Renovation Fund for repairs and improvements in public 
school 
facilities 
to 
address 
health, 
safety 
and 
compliance 
deficiencies, 
general 
renovation 
needs 
and 
learning 
space 
upgrades. 
This bill also requires that 15°0 of funds awarded from the 
School Revolving Renovation Fund for renovation projects must be 
used for aspects of the renovation that promote energy efficiency.