Maine Regulation of Municipal Borrowing, Proposed Constitutional Amendment No. 1 (1973)

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The Maine Regulation of Municipal Borrowing Referendum, also known as Proposed Constitutional Amendment No. 1, was on the November 6, 1973 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved.[1] The measure repealed the constitutional limitations on municipal indebtedness or borrowing and replaced them with limits to be determined by a general law enacted by the Legislature. This measure repealed and replaced Section 15 of Article IX of the Maine Constitution.[2] [3]

Election results

Maine Proposed Constitutional Amendment No. 1 (1973)
ResultVotesPercentage
Approveda Yes 122,555 54.82%
No100,98445.18%

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

Text of measure

See also: Maine Constitution, Article IX, Section 15

The language appeared on the ballot as:[2]

PROPOSED CONSTITUTIONAL AMENDMENT NO. 1

"Shall the Constitution be amended as proposed by a resolution of the Legislature providing for regulation of municipal borrowing by the Legislature?" [4]

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