An Act To Authorize Bond Issues for Ratification by the Voters for the June and November 2007 Elections
Maine Legislature, Session 123, LD 1796
Committee Amendment CA_A-HA_C_H56 (House)

HOUSE AMENDMENT "t:-" to COMMITTEE AMENDMENT "A" to S.P. 640, 
L.D. 1796, Bill, "An Act To Authorize Bond Issues for Ratification by the Voters for the 
June and November 2007 Elections" 
Amend the amendment in Part C in section I in the 3rd line (page 6, line 4 in 
amendment) by striking out the fol1owing: "$43,500,000" and inserting the following: 
'$28,000,000' 
Amend the amendment in Part C by striking out al1 of section 6 and inserting the 
folJowing: 
'Sec. C-6. Allocations from General Fund bond issue. The proceeds of the 
sale of the bonds authorized under this Part must be expended as designated in the 
following schedule. 
UNIVERSITY OF MAINE SYSTEM 
Provides funds for interior and exterior 
building renovations, improvements and 
additions at all campuses of the 
University of Maine System. 
MAINE MARITIME ACADEMY 
Provides funds for interior and exterior 
building renovations, improvements and 
additions at the Maine Maritime 
Academy campus. 
$23,000,000 
$1,500,000 
DEPARTMENT OF EDUCATION 
School Revolving Renovation Fund 
HOUSE AMENDMENT 
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HOUSE AMENDMENT" 6-ro COMMITTEE AMENDMENT "A" to S.P. 640, L.D. 1796 
Provides funds for grants and loans to 
school administrative units for school 
repairs and renovations. 
MAINE STATE CULTURAL 
AFFAIRS COUNCIL 
New Century Community Program 
Provides funds to revitalize downtown 
areas, preserve and strengthen state and 
community historic and cultural assets 
and expand access to digital and 
educational resources. 
$1,500,000 
$2,000,000 
Amend the amendment in Part C in section 10 by striking out all of the question 
(page 8, lines 5 to 11 in amendment) and inserting the following: 
'''Do you favor a $28,000,000 bond issue for interior and exterior 
building renovations, improvements and additions at all campuses of the 
Maine Maritime Academy and the University of Maine System; to 
replenish the School Revolving Renovation Fund for school repairs and 
renovations; and to support capital improvements for cultural and 
educational assets such as museums, historical facilities and libraries?'" 
Amend the amendment by inserting after Part H the following: 
'PART I 
Sec. 1-1. 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 $15,500,000 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. 1-2. 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. 1-3. 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 
HOUSE AMENDMENT 
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HOUSE AMENDMENT 'U to COMMITTEE AMENDMENT "A" to S.P. 640, L.D. 1796 
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 ofthese bonds. 
Sec. 1-4. 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. 1-5. 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 Maine 
Community College System. 
Sec. 1-6. Allocations from General Fund bond issue. The proceeds of the 
sale of the bonds authorized under this Part must be expended as designated in the 
following schedule. 
MAINE COMMUNITY COLLEGE 
SYSTEM 
Provides funds for interior and exterior 
building renovations, improvements and 
additions at all campuses of the Maine 
Community College System. 
$15,500,000 
Sec. 1-7. 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. 1-8. 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. 1-9. Bonds authorized but not issued. Any bonds authorized but not 
issued, or for which bond anticipation notes are not issued within 5 years of ratification of 
this Part, are deauthorized and may not be issued, except that the Legislature may, within 
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. 1-10. Referendum for ratification; submission at election; form of 
question; effective date. This Part must be submitted to the legal voters of the State at 
a statewide election held in the month of November following the 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: 
HOUSE AMENDMENT 
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HOUSE AMENDMENT "V to COMMITTEE AMENDMENT "A" to S.P. 640, L.D. 1796 
"Do you favor a $15,500,000 bond issue for interior and exterior building 
renovations, improvements and additions at all campuses of the Maine 
Community College System?" 
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. 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.' 
Amend the amendment by relettering or renumbering any nonconsecutive Part letter 
or section number to read consecutively. 
SUMMARY 
This amendment divides the education bond issue into 2 parts, one for the Maine 
Community College System and one for the Maine Maritime Academy and the 
universityOfMainesys::"__ 
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SPONSORED BY: ";:.~ ~ 
(Representative FINCH) 
TOWN: Fairfield 
HOUSE AMENDMENT