An Act To Authorize a General Fund Bond Issue in the Amount of $1,200,000 To Provide Economic Development in Western Maine
Maine Legislature, Session 121, LD 0165
Committee: Appropriations and Financial Affairs
Sponsors: BRYANT, BROMLEY, MARTIN, STANLEY, DUDLEY, GAGNE-FRIEL

Legislative Document 
No. 165 
S.P.88 
In Senate, January 21, 2003 
An Act To Authorize a General Fund Bond Issue in the Amount of 
$1,200,000 To Provide Economic Development in Western Maine 
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed. 
Presented by Senator BRYANT of Oxford. 
Cosponsored by Representati ve PATRICK of Rumford and 
JOY J. O'BRIEN 
Secretary of the Senate 
Senators: BROMLEY of Cumberland, MARTIN of Aroostook, STANLEY of Penobscot, 
Representatives: DUDLEY of Portland, GAGNE-FRIEL of Buckfield. 
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. 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 
$1,200,000 to raise funds for economic development in the western 
region of the State 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 
supervl.sl.on of the Department of 
Economic 
and 
Community Development. 
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. 
ECONOMIC AND COMMUNITY DEVELOPMENT, 
DEPARTMENT OF 
Applied Technology Development 
Center System 
Provides funds for the completion 
of renovations at the River Valley 
Technology Center in Rumford. 
Applied Technology Development 
Center System 
Provides funds for the purchase of 
computer numeric controlled 
machinery for the River Valley 
Technology Center in Rumford. 
TOTAL ALLOCATIONS 
$800,000 
$400,000 
$1,200,000 
Sec. A-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. 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 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 $1,200,000 bond issue to be used to provide 
funds for the completion of renovations and the purchase of 
computer numeric controlled machinery for the River Valley 
Technology Center in Rumford?" 
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. 
Appropriations 
and 
allocations. 
appropriations and allocations are made. 
ECQR(»(IC AIm C(H((JNITY DEVELOPMENT, 
DEPARTMENT OF 
Applied Technology Development 
Center Systea 
The 
Initiative: 
Provides one-time funds for managerial 
for the Applied Technology Development Center System. 
General Fund 
All Other 
SUMMARY 
following 
expenses 
2003-04 
$100,000 
Part A of this bill provides funds through a bond issue in 
the amount of $1,200,000 which includes: 
1. 
The sum of $800,000 to complete renovations at the River 
Valley Technology Center in Rumford, Maine; and 
2. 
The sum of $400,000 for the purchase of computer numeric 
controlled machinery at the River Valley Technology Center in 
Rumford, Maine. 
Part 
B of 
this bill includes 
a 
one-time 
General 
Fund 
appropriation of $100,000 in fiscal year 2003-04 
for managerial 
expenses for the Applied Technology Development Center System.