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Maine State Guaranteed Loans for Veteran Housing, Proposed Constitutional Amendment No. 2 (1972)

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The Maine State Guaranteed Loans for Veteran Housing, also known as Proposed Constitutional Amendment No. 2, was on the November 7, 1972 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved.[1] The measure pledge the credit of the state for the guaranteeing of loans for resident veterans.[2]


In 1976, the bond issuing limit for loans for veteran's housing was increased from $2 million to $4 million.[1] In 1977, voters approved a bond issue of $2.1 million for the construction of a Maine Veterans Home.[3] In 1984, a legislatively-referred constitutional amendment empowered the legislature to determine what share of a mortgage loan may be insured by the state under the Maine Veterans Loan Guarantee Program. It also allowed for the extension of the program to include loans to any business owned in whole or in part by a resident Maine veteran.[1][4][5]

Election results

Maine Proposed Constitutional Amendment No. 2 (1972)
Approveda Yes 292,405 78.18%

Election results via: Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-

Text of measure

The language appeared on the ballot as:[2]


"Shall the Constitution be amended as proposed by a resolution of the Legislature Pledging Credit of the State for Guaranteed Loans to Resident Maine Veterans of the Armed Forces of the United States of America?" [6]

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