An Act To Authorize Department of Transportation Bond Issues in the Amount of $75,000,000 for Improvements to Highways; Bridges; Airports; State-owned Ferry Vessels; Ferry and Port Facilities; Port and Harbor Structures; Development of Rail Corridors; Improvements to Railroad Structures and Intermodal Facilities; Investment in Public Transportation Fleet and Public Park and Ride and Service Facilities; and Statewide Trail and Pedestrian Improvements
Maine Legislature, Session 121, LD 1572
Senate Amendment SA_C_S321 (Senate)

SENATE AMENDMENT" G. to S.P. 531, L.D. 1572, Bill, "An Act 
To Authorize Department of Transportation Bond Issues in the 
Amount 
of $75,000,000 for 
Improvements 
to Highways; 
Bridges; 
Airports; State-owned Ferry Vessels; Ferry and Port Facilities; 
Port 
and 
Harbor 
Structures; 
Development 
of 
Rail 
Corridors; 
Improvements to Railroad Structures and Intermodal Facilities; 
Investment in Public Transportation Fleet and Public Park and 
Ride and Service Facilities; and Statewide Trail and Pedestrian 
Improvements" 
Amend the bill by striking out the title and SUbstituting 
the following: 
'An Act 70 Authorize Bond Issues for Ratification by the Voters 
at the November 2003 Election' 
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 
authorized, under the direction of the Governor, to issue bonds 
in the name and on behalf of the State in an amount not exceeding 
$17,500,000 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. 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. 
Page l-LR2068(13) 
SENATE AMENDMENT 
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SENATE AMENDMENT .. c, .. to S.P. 531, L.D. 1572 
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 
thfs 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-5. 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 University of Maine System, the 
Maine Community College System, the Maine Maritime Academy and 
the Maine State Library. 
Sec. A·6. Allocations from General Fund bond issue. 
The proceeds 
of the s.ale of the bonds authorized by this Part must be expended 
as designated in the following schedule. 
UlfIVERSITY OF MAINE SYSTEM 
Improve and expand the facilities and 
classrooms at the University of Maine 
Lewiston-Auburn campus 
MAUlE COMMUNITY COLLEGE SYSTEM 
Make repairs, upgrades and other 
facility improvements, enhance access 
to facilities for students with 
disabilities and update classroom 
equipment at all community college 
campuses 
MAINE MARITIME ACADEMY 
Repair and replace classroom and 
other facilities at the Maine 
Maritime Academy 
MAINE STATE LIBRARY 
$2,000,000 
$13,000,000 
$1,000,000 
SENATE AMENDMENT 
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SENATE AMENDMENT "G" to S.P. 531, L.D. 1572 
Grants to construct and renovate 
public libraries and to improve 
community access to electronic 
resources 
Tota1 Allocations 
$1,500,000 
$17,500,000 
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, exeept 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-IO. 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 Act. 
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 $17, SOD, 000 bond issue to make repairs, 
upgrades and other facility improvements and enhance access 
for 
students 
with 
disabilities 
and 
upgrade 
classroom 
equipment at various campuses of the University of Maine 
System, the Maine Community College System and the 
~aine 
Maritime Academy and to provide grants to construct and 
renovate public libraries and to improve community access to 
electronic resources?" 
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 
SENATE AMENDMENT 
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SENATE AMENDMENT 'G" to S.P. 531, L.D. 1572 
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.' 
Further amend the bill by relettering or renumbering any 
nonconsecutive 
Part 
letter 
or 
section 
number 
to 
read 
consecutively. 
SUMMARY 
This amendment strikes out all of the bill and replaces it 
with language that authorizes the issuance of bonds in the amount 
of $17,500,000 as follows: 
1. 
The 
sum 
facilities 
and 
of 
$2,000,000 
classrooms 
at 
Lewiston-Auburn campus; 
to 
the 
improve 
and 
University 
expand 
the 
of 
Maine 
2. 
The sum of $13,000,000 to make repairs, upgrades and 
other facility improvements, enhance access to facilities for 
students with disabilities and update classroom equipment at all 
community college campuses; 
3. 
The sum of $1,000,000 to repair and replace classroom 
and other facilities at the Maine Maritime Academy; and 
4. 
The sum of $1,500,000 to construct and renovate public 
libraries and to improve community access to electronic resources. 
SPONSORED BY: 
(Senator TURNER) 
COUNTY: 
Cumberland 
FlSCAL :XOTE REQUIRED 
(See attac~ed) 
SENATE AMENDMENT 
Fiscal Detail and Notes 
Approved: 08/20/03 ;Jf!;!I'ac:.. 
Office of Fiscal and Program Review 
LD 1572 
An Act To Authorize Bond Issues for Ratification by the Voters at the 
November 2003 Election 
LR2068(13) 
Fiscal Note for Senate Amendment'~ S - :3 :;;L \ 
Sponsor: Sen. Turner 
Fiscal Note Required: Yes 
Fiscal Note 
This amendment reduces the amount of bonds authorized by $44,500,000 in the General Fund and $13,000,000 in the 
Highway Fund to a new total of $ 17,500,000. All transportation related bonds are eliminated. The net change is 
expressed below. 
Bond Issues 
General Fund - Non-taxable 
Highway Fund - Non-taxable 
Term(years) 
Principal 
($44,500,000) 
($13,000,000) 
Rate(%) 
4.1% 
4.1% 
LR2068(13) - Fiscal Note - Page 1 of 1 
Interest 
Total Cost 
($10,034,750) 
($54,534,750) 
($2,931,500) 
($15,931,500)