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Maine Economic Development, Bond Issue 5 (1983)

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The Maine Economic Development Bond Issue, also known as Bond Issue 5, was on the November 8, 1983 ballot in Maine as a legislatively-referred bond question, where it was approved.[1] The measure issued $11,875,000 in bonds for a variety of economic development projects. These projects included $1 million for upgrading facilities at 33 airports, $10 million port and marine transportation facilities' development at Eastport, Searsport and Portland, $775,000 for a new vessel to serve Penobscot Bay ferry service and $100,000 for replacement of crew quarters at Vinalhaven and Islesboro.[2][3]

Election results

Maine Bond Issue 5 (1983)
ResultVotesPercentage
Approveda Yes 161,231 55.77%
No127,86044.23%

Election results via: Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-

Text of measure

The language appeared on the ballot as:[3]

"Shall a bond issue be authorized in the amount of $11,875,000 to provide state funds which, together with available matching funds from federal and other sources, will be utilized for capital improvement projects directed toward enhancing economic development and related support systems throughout the State and will encompass: $1,000,000 for upgrading facilities at 33 airports; port and marine transportation facilities' development as follows: Eastport area ($1,000,000), Searsport ($4,500,000) and Portland ($4,500,000); and improvements to the state's island ferry service, including a new vessel ($775,000) to serve Penobscot Bay and $100,000 for replacement of crew quarters at Vinalhaven and Islesboro?" [4]

See also

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