An Act To Authorize Bond Issues for Ratification by the Voters ·at the November 2003 Election Further amend the amendment by striking out all of Parts A to D and inserting in their place the following: PART A Sec. A·1. 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 $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(2l) SENATE AMENDMENT
Maine Legislature, Session 121, LD 1572
Committee Amendment CA_B-SA_C_S339 (Senate)

12lST LEGISLATURE 
SENATE 
AMENDMENT ".C,." to COMMITTEE 
AMENDMENT 
"B" 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 amendment by striking out the substitute title and 
replacing it with the following: 
. An Act To Authorize Bond Issues for Ratification by the Voters 
·at the November 2003 Election' 
Further amend the amendment by striking out all of Parts A 
to D and inserting in their place the following: 
'PART A 
Sec. A·1. 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 
$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(2l) 
SENATE AMENDMENT 
t. .. ro, 
SENATE 
AMENDMENT "L--" to COMMITTEE 
AMENDMENT "B" 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 
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 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 sale of the bonds authorized by this Part must be expended 
as designated in the following schedule. 
UNIVERSITY OF MAIRE SYSIEM 
Improve and expand the facilities and 
classrooms at the University of Maine 
Lewiston-Auburn campus 
MAIRE 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 
MAIRE MARITIME ACADEMY 
Repair and replace classroom and 
other facilities at the Maine 
Maritime Academy 
MAIRE STATE LIBRARY 
Grants to construct and renovate 
$2,000,000 
$13,000,000 
$1,000,000 
$1,500,000 
SENATE AMENDMENT 
t."~ 
SENATE AMENDMENT "e," to COMMITTEE 
AMENDMENT "B" to S.P. 531, 
L.D. 1572 
public libraries and to improve 
community access to electronic 
resources 
Total Allocations 
$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, 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·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 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 
$17,500,000 bond issue to make repai rs, 
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 Maine 
Maritime 
Academy and to provide grants to construct and 
renovate public libraries and to improve community access to 
electronic resources?" 
The legal 
vote by ballot 
cross or check 
the word "Yes" 
voters of each city, 
town and plantation shall 
on this question and designate their choice by a 
mark placed within a corresponding square below 
or "No." 
The ballots must be received, sorted, 
SENATE AMENDMENT 
~ ... 
SENATE AMENDMENT "C/' to COMMITTEE 
AMENDMENT "B" to S.P. 531, 
L.D. 1572 
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 amendment by 
any 
nonconsecutive 
Part 
letter 
or 
consecutively. 
relettering or renumbering 
section 
number 
to 
read 
SUMMARY 
This 
amendment 
strikes 
out Parts 
A to 
D of 
Committee 
Amendment "B" and replaces them with language that authorizes the 
issuance of bonds in the amount of $17,500,000 as follows: 
1. 
The 
sum 
facili ties 
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. 
FISCAL NOTE REQUIRED 
(See attached) 
SPONSORED BY, (0.....1 l.....J~~ 
(Senator TURNER) 
COUNTY: 
Cumberland 
SENATE AMENDMENT 
Fiscal Detail and Notes 
Approved: 08/20/03 ;t;vae 
Office of Fiscal and Program Review 
LD 1572 
An Act To Authorize Bond Issues for Ratification by the Voters at the 
November 2003 Election 
LR 2068(21) 
Fiscal Note for Senate Amendment 'eto Committee Amendment "B" 
Sponsor: Sen. Turner 
Fiscal Note Required: Yes 
Fiscal Note 
This amendment reduces the amount of bonds authorized by $70,700,000 to a new total of$17,500,000. All 
transportation, environmental and air medical services related bonds are eliminated, leaving the education related 
bond. The net change is expressed below. 
Bond Issues 
General Fund - Non-taxable 
HIghway Fund - Non-taxable 
Term(years) 
Principal 
($57,700,000) 
($13,000,000) 
Rate (%) 
4.1% 
4.1% 
LR2068(21) - Fiscal Note - Page 1 of 1 
Interest 
($13,011,350) 
($2,931,500) 
Total Cost 
($70,711,350) 
($15,931,500)