An Act To Authorize a General Fund Bond Issue To Provide Broadband Internet Infrastructure in Unserved and Underserved Areas of the State, Maintenance and Improvement of the Maine National Guard Armories, Readiness Centers and Support Facilities and Capital Improvements and Equipment Purchases for Career and Technical Education Centers
Maine Legislature, Session 129, LD 1848
Committee: Appropriations and Financial Affairs
Sponsors: HERBIG

Legislative Document
No. 1848
S.P. 632
In Senate, August 26, 2019
An Act To Authorize a General Fund Bond Issue To Provide 
Broadband Internet Infrastructure in Unserved and Underserved 
Areas of the State, Maintenance and Improvement of the Maine 
National Guard Armories, Readiness Centers and Support Facilities 
and Capital Improvements and Equipment Purchases for Career 
and Technical Education Centers
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator HERBIG of Waldo.  (GOVERNOR'S BILL)
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:
Sec. 1.  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 $23,000,000 for the purposes described in section 5 of this Act.  
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.
Sec. 2.  Records of bonds issued; Treasurer of State. The Treasurer of State 
shall ensure that an account of each bond is kept 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. 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 Act.  Any unencumbered balances remaining at the completion of the project 
in this Act lapse to the Office of the Treasurer of State to be used for the retirement of 
general obligation bonds.
Sec. 4.  Interest and debt retirement.  The Treasurer of State shall pay interest 
due or accruing on any bonds issued under this Act and all sums coming due for payment 
of bonds at maturity.
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 ConnectME Authority, as established in the Maine Revised 
Statutes, Title 5, section 12004-G, subsection 33-F, for the provision of broadband 
Internet infrastructure in unserved and underserved areas.
CONNECTME AUTHORITY
Total
$15,000,000
EDUCATION, DEPARTMENT OF
Provides funds to make capital improvements to and purchase equipment that has a 
useful life of at least 5 years for career and technical education centers and regions.
Provides funds for the State's share of maintenance, capital improvement, 
modernization and energy efficiency projects for Maine Army National Guard 
armories, readiness centers and support facilities.
Sec. 6.  Contingent upon ratification of bond issue.  Sections 1 to 5 do not 
become effective unless the people of the State ratify the issuance of the bonds as set 
forth in this Act.
Sec. 7.  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 the Office of the Treasurer of State to be used for the retirement of general 
obligation bonds.
Sec. 8.  Bonds authorized but not issued.  Any bonds authorized but not issued 
within 5 years of ratification of this Act are deauthorized and may not be issued, except 
that the Legislature may, within 2 years after the expiration of that 5-year period, extend 
the period for issuing any remaining unissued bonds for an additional amount of time not 
to exceed 5 years.
Sec. 9.  Referendum for ratification; submission at election; form of 
question; effective date.  This Act must be submitted to the legal voters of the State at 
a statewide election held in the month of November following 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 Act by voting on the following question:
"Do you favor a $23,000,000 bond issue to invest in high-speed Internet 
infrastructure, Maine Army National Guard armories, readiness centers 
and support facilities, and career and technical education centers?"
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 
Total
$4,000,000
DEFENSE, VETERANS AND 
EMERGENCY MANAGEMENT, 
DEPARTMENT OF
Total
$4,000,000
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 Act, the 
Governor shall proclaim the result without delay and this Act 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 Act necessary to carry out the purposes of this 
referendum.
SUMMARY
The funds provided by this bond issue, in the amount of $23,000,000, will be used to 
invest in high-speed Internet infrastructure, Maine Army National Guard armories, 
readiness centers and support facilities, and career and technical education centers.
FISCAL NOTE REQUIRED
(See attached)
Approved: 08/23/19
LD 1848
LR 2580(01)
Bond Issues
Term (years)
Principal
Rate (%)
Interest
Total Cost
General Fund - Non-Taxable
$23,000,000
4.25%
$5,376,250
$28,376,250
Referendum Costs
Month/Year
Election Type
Question
Length
Nov-19
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 $172,000 may be required.
An Act To Authorize a General Fund Bond Issue To Provide Broadband Internet Infrastructure in 
Unserved and Underserved Areas of the State, Maintenance and Improvement of the Maine National 
Guard Armories, Readiness Centers and Support Facilities and Capital Improvements and 
Equipment Purchases for Career and Technical Education Centers
Fiscal Note for Original Bill
Sponsor: Sen. Herbig of Waldo
Committee: Not Referred
Fiscal Note Required: Yes
Fiscal Note
Current biennium cost increase - General Fund
LR2580(01) - Fiscal Note - Page 1 of 1