LD 1826 - Bond Authorization - Maine Key Vote

Stage Details

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Title: Bond Authorization

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill regarding bond issues.

Highlights:

-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $47.8 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part A):

    -$24.8 million for state highway reconstruction and paving; -$16 million for railroad improvements; and -$7 million for marine-related improvements.
-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $26.5 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part C):
    -$9.5 million to the University of Maine System for energy and infrastructure upgrades; -$5 million to the Maine Community College System for energy and infrastructure upgrades; -$1 million to Maine Maritime Academy for energy and infrastructure upgrades; and -$11 million to the University of Maine System for robotics equipment to accelerate wind energy components manufacturing in the State.
-Requires the State Comptroller to transfer $63 million from Other Special Revenue Funds to the unappropriated surplus of the General Fund (Part H). -Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $23.75 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part I):
    -$1.25 million to the Maine Historic Preservation Commission; -$3.5 million to the Department of Economic and Community Development; -$3 million to the Maine Technology Institute; -$8 million for Brunswick Naval Air Station Redevelopment; -$1 million for the Finance Authority of Maine; -$3 million for the Economic Recovery Loan Program; and -$4 million for the Small Enterprise Growth Fund.
-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and one behalf of the State in an amount not exceeding $9.75 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part J):
    -$6.5 million for the acquisition of land; -$1 million for working farmland preservation; -$1.75 million for working waterfront preservation; and -$500,000 for the Bureau of Parks and Lands.

See How Your Politicians Voted

Title: Bond Authorization

Vote Smart's Synopsis:

Vote to pass a bill that authorizes bond issues upon ratification by voters.

Highlights:

-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $47.8 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part A):

    -$24.8 million for state highway reconstruction and paving; -$16 million for railroad improvements; and -$7 million for marine-related improvements.
-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $26.5 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part C):
    -$9.5 million to the University of Maine System for energy and infrastructure upgrades; -$5 million to the Maine Community College System for energy and infrastructure upgrades; -$1 million to Maine Maritime Academy for energy and infrastructure upgrades; and -$11 million to the University of Maine System for robotics equipment to accelerate wind energy components manufacturing in the State.
-Requires the State Comptroller to transfer $63 million from Other Special Revenue Funds to the unappropriated surplus of the General Fund (Part H). -Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $23.75 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part I):
    -$1.25 million to the Maine Historic Preservation Commission; -$3.5 million to the Department of Economic and Community Development; -$3 million to the Maine Technology Institute; -$8 million for Brunswick Naval Air Station Redevelopment; -$1 million for the Finance Authority of Maine; -$3 million for the Economic Recovery Loan Program; and -$4 million for the Small Enterprise Growth Fund.
-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and one behalf of the State in an amount not exceeding $9.75 million, of which the proceeds of the sale of bonds will be expended in the following manner (Part J):
    -$6.5 million for the acquisition of land; -$1 million for working farmland preservation; -$1.75 million for working waterfront preservation; and -$500,000 for the Bureau of Parks and Lands.

See How Your Politicians Voted

Title: Bond Authorization

Vote Smart's Synopsis:

Vote to pass a bill that authorizes bond issues upon ratification by voters.

Highlights:

-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not to exceed $15.45 million, of which the proceeds of the sale of bonds will be appropriated as follows (Part B):

    -$5.4 million for the Safe Drinking Water Revolving Loan Fund; -$1 million for the Small Community Grant Program; -$6.2 million for the Wastewater Treatment Facility State Revolving Loan Fund; -$750,000 for Uncontrolled Sites; -$600,000 for Wastewater Treatment Facility Construction Grants; -$500,000 for Overboard Discharge; and -$1 million for the Agricultural Water Source Development Program.
-Authorizes The Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding, $38.5 million, of which the proceeds of the sale of bonds will be appropriated as follows (Part C):
    -$12 million for the Efficiency Maine Trust; -$9.5 million for the University of Maine System; -$5 million for the Maine Community College System; -$1 million for Maine Maritime Academy; and -$11 million for the University of Maine System.
-Requires that this legislation be submitted to the voters of Maine during the June 2010 election (Part B & C). -Requires the program director or chief executive officer to monitor contracts resulting from grant awards established by the department concerning community-based dental clinics (Part E).

See How Your Politicians Voted

Title: Bond Authorization

Vote Smart's Synopsis:

Vote to pass a bill that authorizes bond issues upon ratification by voters.

Highlights:

-Authorizes the Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not to exceed $15.45 million, of which the proceeds of the sale of bonds will be appropriated as follows (Part B):

    -$5.4 million for the Safe Drinking Water Revolving Loan Fund; -$1 million for the Small Community Grant Program; -$6.2 million for the Wastewater Treatment Facility State Revolving Loan Fund; -$750,000 for Uncontrolled Sites; -$600,000 for Wastewater Treatment Facility Construction Grants; -$500,000 for Overboard Discharge; and -$1 million for the Agricultural Water Source Development Program.
-Authorizes The Treasurer of State, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding, $38.5 million, of which the proceeds of the sale of bonds will be appropriated as follows (Part C):
    -$12 million for the Efficiency Maine Trust; -$9.5 million for the University of Maine System; -$5 million for the Maine Community College System; -$1 million for Maine Maritime Academy; and -$11 million for the University of Maine System.
-Requires that this legislation be submitted to the voters of Maine during the June 2010 election (Part B & C). -Requires the program director or chief executive officer to monitor contracts resulting from grant awards established by the department concerning community-based dental clinics (Part E)

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

NOTE: THIS LEGISLATION AUTHORIZES THE ISSUING OF BONDS, WHICH REQUIRES A 2/3 MAJORITY IN EACH CHAMBER TO PASS, AND THEN MUST BE APPROVED BY A MAJORITY OF VOTERS AT A GENERAL OR SPECIAL ELECTION.

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