Maine Prohibition of Bonding on Current Expenditures (1976)
The Maine Prohibition of Bonding on Current Expenditures Referendum was on the November 2, 1976 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved. The measure prohibited the use of proceeds from the sale of bonds to fund current expenditures and provided by appropriation for the payment of interest and installments of principal upon all bonded debt as they became due and payable. This amended Article V, Part Fourth of the Maine Constitution by adding a new section, Section 5.
|Maine Prohibition of Bonding on Current Expenditures Referendum (1976)|
Text of measure
The language appeared on the ballot as:
"Shall the Constitution be amended as proposed by a resolution of the Legislature to prohibit State bonding of current expenditures and assure revenues for bond service?" 
The full text of the added constitutional section can be read.
- Maine 1976 ballot measures
- 1976 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
- Constitutional Resolutions of the State of Maine as Passed by the One Hundred and Seventh Legislature, Chapter 9
- Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-
- National Conference of State Legislatures, State Ballot Measures Database
- Maine State Law and Legislative Reference Library, "Proposed Constitutional Amendments 1820-," accessed April 17, 2014
- Constitutional Resolutions of the State of Maine as Passed by the One Hundred and Seventh Legislature, "Chapter 9," accessed April 17, 2014
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- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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