An Act To Authorize a General Fund Bond Issue for the Preservation of Forest Lodge in the Town of Upton No. 1312 March 12, 2007
Maine Legislature, Session 123, LD 1312
Committee: Appropriations and Financial Affairs
Sponsors: BRYANT, CARTER, HOBBINS, MARTIN, ADAMS, MIRAMANT, PATRICK

Legislative Document 
S.P.460 
An Act To Authorize a General Fund Bond Issue for the 
Preservation of Forest Lodge in the Town of Upton 
No. 1312 
March 12, 2007 
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed. 
Presented by Senator BRYANT of Oxford. 
JOY J. O'BRIEN 
Secretary of the Senate 
Cosponsored by Representative CARTER of Bethel and Senators: HOBBINS of York, 
MARTIN of Aroostook, Representatives: ADAMS of Portland, BRYANT of Windham, 
MIRAMANT of Camden, PATRICK of Rumford. 
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 $1,000,000 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. 
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 honds. 
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-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 Department of 
Conservation. 
Sec. A-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. 
DEPARTMENT OF 
CONSERVATION 
Provides funds to the Department of 
Conservation to .purchase the Forest 
Lodge property in the Town of Upton. 
$1,000,000 
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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 5 years of ratification of 
this Part, are deauthorized and may not be issued, except that the Legislature may, within 
II 
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-tO. 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: 
"Do you favor a $1,000,000 bond issue to provide funds to the 
Department of Conservation for the purchase of the historical Forest 
Lodge property in the Town of Upton?" 
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. 
PART B 
Sec. B-1. Appropriations and allocations. The following appropriations and 
allocations are made. 
CONSERVATION, DEPARTMENT OF 
Parks - General Operations 0221 
Initiative: Appropriates funds on a one-time basis for the repair and maintenance of the 
historical Forest Lodge property in the Town of Upton. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2007-08 
$500,000 
$500,000 
2008-09 
$0 
$0 
Sec. B-2. 
Contingent effective date. 
Section I takes effect only upon 
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ratification by the voters of the bond issue in Part A. 
SUMMARY 
This bill does the following. 
It proposes a General Fund bond issue of $1,000,000 for the purpose of having the 
Department of Conservation purchase the historical Forest Lodge property in the Town of 
Upton. 
Contingent upon approval of the bond issue by the voters, it appropriates $500,000 
from the General Fund on a one-time basis to the Department of Conservation for the 
repair and maintenance of the Forest Lodge property.