An Act To Authorize a General Fund Bond Issue To Invest in Transportation, Broadband Infrastructure, Downtown Revitalization, Land for Maine's Future and Training Facilities in Labor Market Areas with Higher than Average Unemployment for Tourism-related Training
Maine Legislature, Session 125, LD 0829
Committee Amendment CA_A_H959 (House)

COMMITTEE AMENDMENT "A" to H.P. 625, L.D. 829, Bill, "An Act To 
Authorize a General Fund Bond Issue To Invest in Transportation, Broadband 
Infrastructure, Downtown Revitalization, Land for Maine's Future and Training Facilities 
in Labor Market Areas with Higher than Average Unemployment for Tourism-related 
Training" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Authorize a General Fund Bond Issue To Invest in Downtown 
Revitalization in Labor Market Areas with Higher than Average Unemployment' 
Amend the bill in section 1 in the 3rd line (page 1, line 8 in L.D.) by striking out the 
following: "$100,000,000" and inserting the following: '$1,000,000' 
Amend the bill by striking out all of section 5 and inserting the following: 
'Sec. 5. Disbursement of bond proceeds from General Fund bond issue. 
The proceeds of the sale of the bonds authorized under this Act must be expended as 
designated in the following schedule under the direction and supervision of the agencies 
and entities set forth in this section. 
ECONOMIC AND COMMUNITY 
DEVELOPMENT, DEPARTMENT OF 
Communities for Maine's Future 
Program 
Provides funds for the Communities for Maine's Future Program for downtown 
revitalization, targeted to particular projects in labor market areas that have an 
unemployment rate higher than the statewide average. 
Total 
$1,000,000 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A" to H.P. 625, L.D. 829 
Amend the bill in section 9 by striking out the question (page 3, lines 27 to 33 in 
L.D.) and inserting the following: 
I "Do you favor a $1,000,000 bond issue that provides funds for the 
Communities for Maine's Future Program, targeted to particular projects 
in labor market areas that have an unemployment rate higher than the 
statewide average?" , 
SUMMARY 
This amendment is the minority report. The funds provided, in the amount of 
$1,000,000, will be used to provide funds for the Communities for Maine's Future 
Program, targeted to particular projects in labor market areas that have an unemployment 
rate higher than the statewide average. 
FISCAL \OTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/03/12 
~C!. 
LD829 
LR 1604(02) 
An Act To Authorize a General Fund Bond Issue To Invest in Transportation, Broadband 
Infrastructure, Downtown Revitalization, Land for Maine's Future and Training Facilities in Labor 
Market Areas with Higher than Average Unemployment for Tourism-related Training _ ") \ 
Fiscal Note for Bill as Amended by Committee Amendment "A" (H A q J CfJ 
Committee: Appropriations and Financial Affairs 
Bond Issues 
General Fund - Non-Taxable 
Fiscal Note Required: Yes 
Fiscal Note 
Current biennium cost increase - General Fund 
Term (years) 
Principal 
$1,000,000 
Rate (%) 
4.5% 
Interest 
$247,500 
Referendum Costs 
MonthlY ear 
Election Type 
Question 
Length 
Nov-12 
General 
Bond Issue 
Standard 
Total Cost 
$1,247,500 
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 of the referendum questions requires production and delivery of a second 
ballot, an additional appropriation of $1 07,250 may be required. 
LR1604(02) - Fiscal Note - Page 1 of 1