An Act To Authorize a General Fund Bond Issue To Support the Independence of Maine's Seniors
Maine Legislature, Session 127, LD 1205
Committee Amendment CA_A_H503 (House)

COMMITTEE AMENDMENT "A" to H.P. 823, L.D. 1205, Bill, "An Act To 
Authorize a General Fund Bond Issue To Support the Independence of Maine's Seniors" 
Amend the bill in section I in the 3rd line (page 1, line 8 in L.D.) by striking out the 
following: "$65,000,000" and inserting the following: '$15,000,000' 
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 f01ih in this section. 
MAINE STATE HOUSING 
AUTHORITY 
Provides funds to be used to leverage an estimated $22,600,000 in private and other 
funds for low-income households headed by a person 55 years of age or older for the 
construction of new energy-efficient affordable homes and the adaptive reuse of 
structures or homes. Preference must be given to homes in locations that have access 
to health care services and other essential goods and services. 
Total 
$14,500,000 
Provides funds to be used to match private and other funds for home repair and 
weatherization programs that assist low-income seniors. 
Total 
$500,000 
3D 
Amend the bill in section 9 in the question in the first line (page 2, line 23 in L.D.) by 
striking out the following: "$65,000,000" and inseliing the following: '$15,000,000' 
COMMITTEE AMENDMENT 
4-
COlv!?vflTTEE AMENDMENT 'tt" to H.P. 823, LD. 1205 
Amend the bill in section 9 in the question in the 2nd line from the end (page 2, line 
in L.D.) by striking out the follovving: "$100,000,000" and inserting the following: 
'$22,600,000' 
SUMMARY 
This amendment reduces the total bond amount to $15,000,000 by reducing the 
amount for construction of new homes for seniors to $14,500,000 from $64,000,000 and 
the amount for home repair and weatherization from $1,000,000 to $500,000. 
The 
amount of private and other funds that this bond will leverage is reduced to $22,600,000 
from $100,000,000. The amendment also removes the requirement that at least one 
project must be located in each county and the requirement that preference must be given 
to homes in locations that have access to public transportation. 
l~lliCAL NOTE REQUIRED 
(See IttMloed) 
COMMITTEE AMENDMENT 
, , 
127th IVIAIl\TE L}EGISL.Arl'lJRE 
LD 1205 
LR 155(02) 
An Act To Authori:le a General Fund Bond Issue To Support the Independence of Maine IS Seniors 
Bond Issues 
Fiscal Note for BiH as Amended by Committee Amendment "A' (H -50 3) 
Committee: Appropriations and Financial Affairs 
Fiscal Note Required: Yes 
17iscal Note 
Current biennium cost increase - General Fund 
Term (years) 
Principal 
Rate (%) 
Interest 
Total Cost 
General Fund - Taxable 
$15,000,000 
4.5% 
$3,712,500 
$18,712,500 
Referendum Costs 
MonthNear 
Election Type 
Question 
Length 
Nov-i5 
General 
Bond Issue 
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 of the referendum questions requires production and delivery of a second 
ballot, an additional appropriation of$107,250 may be required.