An Act To Authorize Department of Transportation Bond Issues To Match Available Federal Funds for Improvements to Highways and Bridges; Airports; Public Transit; State-owned Ferry Vessels and Ferry and Port Facilities; Port and Harbor Structures; Development of Rail Corridors and Improvements to Railroad Structures; and Statewide Trail and Pedestrian Improvements
Maine Legislature, Session 122, LD 0998
Committee Amendment CA_A-SA_J_S417 (Senate)

...-.-
SENATE 
AMENDMENT "J" to COMMITTEE 
AMENDMENT 
"A" to S. P. 
338, 
L.D. 
998, 
Bill, 
"An 
Act 
To 
Authorize 
Department 
of 
Transportation Bond Issues To Match Available Federal Funds for 
Improvements to Highways and Bridges; Airports; Public Transit; 
State-owned Ferry Vessels and Ferry and Port Facilities; Port and 
Harbor Structures; Development of Rail Corridors and Improvements 
to 
Railroad 
Structures; 
and 
Statewide 
Trail 
and 
Pedestrian 
Improvements" 
Amend the 
(page 10, line 
"$20,000,000" 
'$30,000,000' 
amendment in Part D in section 1 in the 4th line 
in amendment) by striking out the following: 
and 
inserting 
in 
its 
place 
the 
following: 
Further amend the amendment in Part D by striking out all of 
section 5 (page 11, lines 5 to 10 in amendment) and inserting in 
its place the following: 
'Sec. D-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 Education, the 
Department of Economic 
and Community Development, 
the Finance 
Authority of Maine, the Maine State Cultural Affairs Council, the 
Small Enterprise Growth Board, the University of Maine and the 
University of Maine System and the Maine Municipal Bond Bank. ' 
Further amend the amendment in Part D in section 6 in that 
part 
relating 
to 
"DEPA.R'.DIENT 
OF 
ECOHOMIC 
AND 
COMMUNITY 
DEVELOPMENT" by inserting at the end the following: 
'Provides funds to applied technology development 
centers. 
Provides funds to allow a consortium of Maine 
research and development companies to initiate 
the planning for an unmanned vehicle research 
and development center to be located at the 
Sanford airport on town-donated land.' 
$2,000,000 
$2,000,000 
SENATE AMENDMENT 
SENATE 
AMENDMENT lIS. to COMMITTEE 
AMENDMENT "A" to S.P. 
L.D. 998 
338, 
Further amend the amendment in Part D in section 6 
by 
inserting after that part relating to "SMALL ENTERPRISE GROWTH 
BOARD" the following: 
'FINANCE AUTHORITY OF MAINE 
Provides funds for recapitalization of the 
Economic Recovery Loan Program. ' 
$1, 000,000 
Further amend the amendment in Part D in section 6 in that 
part relating to "MAINE STATE CULTURAL AFFAIRS COUNCIL" in the 
first line (page 12, line 6 in amendment) by striking out the 
following: 
"$1,000,000" 
and 
inserting 
in 
its 
place 
the 
following: 
'$2,000,000' 
Further amend the amendment in Part D in section 6 
by 
inserting at the end the fOllowing: 
'Provides funds to furnish and outfit 
the new bioscience building at the 
University of Southern Maine with 
laboratories and equipment. 
Provides funds for the Maine Economic 
Improvement Fund for research and 
development activities. 
MAINE MDHICIPAL BOND BANK 
Provides funds for the capitalization 
of the Municipal Investment Trust Fund 
to provide loans and grants to municipalities 
for public facilities and infrastructure.' 
$2,000,000 
$1, 000,000 
$1, 000,000 
Further amend the amendment in Part D in section 10 by 
striking out all of the question (page 13, lines 15 to 29 in 
amendment) and inserting in its place the following: 
' "Do 
you 
favor 
a 
$30,000,000 
bond 
issue 
to 
stimulate 
economic growth and job creation through investments in the 
Maine economy in anticipation of approximately $44,000,000 
in 
federal 
and private 
funds 
for 
medical 
research 
and 
development; 
marine 
research 
and 
development; 
equity 
investments in small Maine companies with potential for high 
growth; 
the 
New 
Century 
Community 
Program 
for 
capital 
improvements to cultural resources; the renovation of Camden 
Hall on the University of Maine Bangor campus for a graduate 
school 
for 
biomedical 
science; 
the 
development 
of 
the 
Laboratory for Surface Science Technology; capital costs and 
SENATE AMENDMENT 
,. 
~ 
SENATE 
AMENDMENT 
.. S, to COMMITTEE 
AMENDMENT 
.. A" 
to S . P . 
338, 
L.D. 998 
equipment for the career center facility at the University 
of Southern Maine's Lewiston-Auburn College; the development 
of the Sunrise Business and Career Center in the Town of 
Jonesboro; 
applied 
technology 
development 
centers; 
the 
planning of an unmanned vehicle research and development 
center; 
recapitalization 
of 
the 
Economic 
Recovery 
Loan 
Program; the furnishing of a new bioscience building at the 
University of Southern Maine; the Maine Economic Improvement 
Fund at the University of Maine for research and development 
activities; and capitalization of the Municipal Investment 
Trust Fund?'" 
SUMMARY 
This amendment provides $10,000,000 for the following: 
1. 
One million dollars 
for 
the 
Economic 
Recovery 
Loan 
Program in the Finance Authority of Maine; 
2. 
One 
million dollars 
for 
the 
New 
Century 
Community 
Program; 
3. 
Two million dollars 
to furnish 
and outfit the 
new 
bioscience building at the University of Southern Maine; 
4. 
Two million dollars for applied technology development 
centers; 
5. 
Two million dollars for the unmanned vehicle research 
and development center; 
6. 
One million dollars for the Municipal Investment Trust 
Fund; and 
7. 
One million dollars for the Maine Economic Improvement 
Fund. 
SPONSORED BY: 
(Senator 
COUNTY: 
York 
FJSCAL NOTE REQU1RED 
(See Attached) 
SENATE AMENDMENT 
Approved: 07 128/05 ~ac::.. 
LD998 
LR 2238(17) 
An Act To Authorize Department of Transportation Bond Issues To Match Available Federal Funds 
for Improvements to Highways and Bridges; Airports; Public Transit; State-owned Ferry Vessels and 
Ferry and Port Facilities; Port and Harbor Structures; Development of Rail Corridors and 
Improvements to Railroad Structures; and Statewide Trail and Pedestrian Improvements 
Fiscal Note for Senate Amendment "r:;-to Committee Amendment il" 
Bond Issues 
General Fund - Non-taxable 
Fiscal Detail and Notes 
Sponsor: Sen. Sullivan 
Fiscal Note Required: Yes 
Fiscal Note 
Current biennium cost increase - General Fund 
Term(years) 
Principal 
$10,000,000 
Rate (%) 
4.1% 
Interest 
$2,255,000 
Total Cost 
$12,255,000 
This amendment increases the General Fund bond authorization for economic development by $10,000,000. 
LR2238(17) - Fiscal Note - Page 1 of 1