An Act To Secure Maine's Transportation Future
Maine Legislature, Session 123, LD 1790
Committee Amendment CA_A-SA_A_S323 (Senate)

SENATE AMENDMENT ";4" to COMMITTEE AMENDMENT "A" to S.P. 634, 
L.D. 1790, Bill, "An Act To Secure Maine's Transportation Future" 
Amend the amendment in Part D by striking out all of section 2 and inserting the 
following: 
'Sec. D-2. Programmed GARVEE bonding level for 2008-2009 biennium. 
Subject to referendum as specified in section 3, notwithstanding any other provision of 
law and pursuant to the Maine Revised Statutes, Title 23, chapter 19, subchapter 3-A, the 
Maine Municipal Bond Bank may issue from time to time up to $50,000,000 of 
GARVEE bonds for projects programmed in the 2008-2009 biennium to be repaid solely 
from annual federal transportation appropriations for funding for qualified transportation 
projects. 
Sec. D-3. Statutory referendum procedure; submission at election; form 
of question; effective date. Section 2 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 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 section 2 by voting on the following 
question: 
"Do you favor authorizing the Maine Municipal Bond Bank to issue up to 
$50,000,000 in grant anticipation revenue vehicle debt financing 
instruments repaid with federal highway funds, or "GARVEE bonds," for 
qualified transportation projects for the 2008-2009 biennium?" 
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 section 2, the 
Governor shall proclaim the result without delay and section 2 becomes effective 30 days 
after the date of the proclamation. 
SENATE AMENDMENT 
SENATE AMENDMENT 'A" to COMMITTEE AMENDMENT "A" to S.P. 634, L.D.1790 
I 
The Secretary of State shall prepare and furnish to each city, town and plantation all 
bal1ots, returns and copies of this Part necessary to carry out the purposes of this 
referendum.' 
SUMMARY 
This amendment requires the issuance of up to $50,000,000 in GARVEE bonds for 
the 2008-2009 biennium to be sent out to referendum in November 2007. 
FISCAL NOTE REQUIRED 
(See attached) 
SPONSORED BY: ----'/:.......GL-~ 
__ ~_· 
_' _"""_ .... _-___ _ 
0 
(Senator TURNER) 
COUNTY: Cumberland 
SENATE AMENDMENT 
Approved: 06/14/07 frac 
LD 1790 
LR 1908(03) 
An Act To Secure Maine's Transportation Future 
Fiscal Note for Senate Amendment ':A" to Committee Amendment "A" 
Sponsor: Sen. Turner of Cumberland 
Fiscal Note Required: Yes 
Fiscal Note 
Current biennium cost increase - General Fund 
Referendum Costs 
MonthlYear 
Election Type 
Question 
Length 
Nov-07 
General 
Referendum 
Standard 
The Secretary of State's budget includes sufficient funds to accommodate one ballot of average length for the general 
election in November. If the number or size ofthe referendum questions increases the ballot length, an additional 
appropriation of $8,000 or more may be required. 
LRI908(03) - Fiscal Note - Page I of I