An Act To Authorize a General Fund Bond Issue To Expand Maine's Research, Development, Commercialization and Clinical Infrastructure Assets To Improve Outcomes for Maine Families with Members Suffering from Alzheimer's, Dementia and Other Diseases of Aging”
Maine Legislature, Session 129, LD 0455
Committee Amendment CA_A_S460 (Senate)

COMMITTEE AMENDMENT “      ” to S.P. 133, L.D. 455, Bill, “An Act To 
Authorize a General Fund Bond Issue To Expand Maine's Research, Development, 
Commercialization and Clinical Infrastructure Assets To Improve Outcomes for Maine 
Families with Members Suffering from Alzheimer's, Dementia and Other Diseases of 
Aging”
Amend the bill by striking out the title and substituting the following:
'An Act To Authorize a General Fund Bond Issue To Expand Maine's Research, 
Development, Commercialization and Clinical Infrastructure Assets in Certain 
Targeted Technology Sectors, Including Assets Improving Outcomes for Maine 
Families with Members Affected by Alzheimer's, Dementia and Other Diseases of 
Aging' 
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.
Provides funds to the Maine Technology Institute for investment in research, 
development, commercialization, workforce development and clinical infrastructure 
assets in Maine as prioritized by the Maine Innovation Economy Advisory Board's 
most recent innovation economy action plan and the Department of Economic and 
Community Development, Office of Innovation's most recent science and technology 
plan in the targeted sectors of environmental and renewable energy technology, 
information technology, advanced technologies for forestry and agriculture, 
aquaculture and marine technology; composites and advanced materials and precision 
manufacturing; and life sciences and biomedical technology, including equipment 
and technology upgrades that improve outcomes for Maine families affected by 
Alzheimer's, dementia and other diseases of aging; and to enable organizations to 
Date: 
(Filing No. S-          )
Maine Technology Institute
COMMITTEE AMENDMENT “      ” to S.P. 133, L.D. 455
COMMITTEE AMENDMENT
gain and hold market share and expand employment or preserve jobs.  The funds 
must be awarded through a competitive process to Maine-based public and private 
entities, leveraging other funds in at least a one-to-one ratio.
' 
Amend the bill in section 9 by striking out all of the question and inserting the 
following: 
'"Do you favor a $65,000,000 bond issue to provide funds for research, 
development, commercialization, workforce development and clinical 
infrastructure for Maine-based public and private institutions in support 
of advanced technology in the targeted sectors of environmental, 
renewable energy, information, forestry, agriculture, aquaculture and 
marine technology; composites, advanced materials and precision 
manufacturing; and life sciences and biomedical technology that improve 
outcomes for Maine families affected by Alzheimer's, dementia and other 
diseases of aging to be awarded to Maine-based entities, leveraging other 
funds in at least a one-to-one ratio?"' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively.
SUMMARY
This amendment adds the sectors of environmental, renewable energy, information, 
forestry, agriculture, aquaculture and marine technology and composites, advanced 
materials and precision manufacturing to be targeted in the disbursements of the funds 
provided by the bond issue.
FISCAL NOTE REQUIRED
(See attached)
Total
$65,000,000
Approved: 03/13/20
LD 455
LR 1403(02)
Bond Issues
Term (years)
Principal
Rate (%)
Interest
Total Cost
General Fund - Taxable
$65,000,000
4.25%
$15,193,750
$80,193,750
Referendum Costs
Month/Year
Election Type
Question
Length
Nov-20
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 $266,000 may be required.
Current biennium cost increase - General Fund
Fiscal Note
An Act To Authorize a General Fund Bond Issue To Expand Maine's Research, Development, 
Commercialization and Clinical Infrastructure Assets To Improve Outcomes for Maine Families with 
Members Suffering from Alzheimer's, Dementia and Other Diseases of Aging
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
LR1403(02) - Fiscal Note - Page 1 of 1