Resolve, Reauthorizing the Balance of the 2005 Maine Biomedical Research Fund and Marine Infrastructure and Technology Fund Bond Issues
Maine Legislature, Session 125, LD 0280
Committee: Appropriations and Financial Affairs
Sponsors: RECTOR, PRESCOTT, FARNHAM, GERZOFSKY, KATZ, LANGLEY, ROSEN, SCHNEIDER, WELSH

Legislative Document 
No. 280 
S.P. 86 
In Senate, February 3, 2011 
Resolve, Reauthorizing the Balance of the 2005 Maine Biomedical 
Research Fund and Marine Infrastructure and Technology Fund 
Bond Issues 
(EMERGENCY) 
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed. 
JOSEPH G. CARLETON, JR. 
Secretary of the Senate 
Presented by Senator RECTOR of Knox. 
Cosponsored by Representative PRESCOTT of Topsham and 
Senators: FARNHAM of Penobscot, GERZOFSKY of Cumberland, KATZ of Kennebec, 
LANGLEY of Hancock, McCORMICK of Kennebec, ROSEN of Hancock, SCHNEIDER of 
Penobscot, Representative: WELSH of Rockport. 
Emergency preamble. Whereas, acts and resolves of the Legislature do not 
become effective until 90 days after adjournment unless enacted as emergencies; and 
Whereas, the Treasurer of State may not sell the remaining $750,000 in bonds 
authorized but not yet issued from the $8,000,000 Maine Biomedical Research Fund bond 
issue authorized by the voters in 2005 unless the Legislature reauthorizes the issuance of 
those bonds; and 
Whereas, the Maine Technology Institute requires this $750,000 in bonds to meet 
its obligations for previously authorized research and development projects with the 
University of Maine and nonprofit research laboratories; and 
Whereas, the Treasurer of State may not sell the remaining $150,000 in bonds 
authorized but not yet issued from the $4,000,000 Marine Infrastructure and Technology 
Fund bond issue authorized by the voters in 2005 unless the Legislature reauthorizes the 
issuance of those bonds; and 
Whereas, the Maine Technology Institute requires this $150,000 in bonds to meet 
its obligations for previously authorized research and development projects with the 
University of Maine and nonprofit research laboratories; and 
Whereas, in the judgment of the Legislature, these facts create an emergency within 
the meaning of the Constitution of Maine and require the following legislation as 
immediately necessary for the preservation of the public peace, health and safety; now, 
therefore, be it 
Sec. 1.  Extension for issuing. Resolved:  That, pursuant to the provisions of the 
Constitution of Maine, Article IX, Section 14, the period for issuance of bonds or of bond 
anticipation notes authorized but unissued pursuant to Public Law 2005, chapter 462, 
authorized by the voters in a statewide election held on November 8, 2005, to support 
capital infrastructure and equipment for eligible institutions delineated in the Maine 
Revised Statutes, Title 5, section 13103 and to support competitive capital infrastructure 
grants to nonprofit marine research laboratories, institutions and state governmental and 
quasi-governmental agencies, is further extended for a one-year period. 
Emergency clause.  In view of the emergency cited in the preamble, this 
legislation takes effect when approved. 
SUMMARY 
This resolve reauthorizes the balance of the 2005 Maine biomedical research and 
marine infrastructure and technology bond issues.