Maine Job Growth in Agriculture and Small Businesses, Question 6 (1996)

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The Maine Job Growth in Agriculture and Small Businesses Bond Issue, also known as Question 6, was on the November 5, 1996 ballot in Maine as a legislatively-referred bond question, where it was approved.[1] The measure issued $11 million in bonds to encourage job growth and economic viability through capital access for agriculture and small business enterprises. Specifically, the Finance Authority of Maine was to spend $5 million from the Small Enterprise Growth Fund and $6 million from the Agricultural Marketing Loan Fund.[2]

Election results

Maine Question 6 (1996)
ResultVotesPercentage
Approveda Yes 370,978 64.70%
No202,43235.30%

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

Text of measure

Maine 1996 sample ballot for statewide measures

The language appeared on the ballot as:[2]

QUESTION 6: BOND ISSUE

Do you favor a $11,000,000 bond issue to encourage job growth and economic vitality by providing access to capital for agricultural enterprises and small businesses with a significant potential for growth and job creation?

Total Estimated Debt Service of $14,236,750, of which Principal is $11,000,000, Estimated Interest at 5.35% over 10 years is $3,236,750. [3]

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