The Maine State Insured School Building Authority Loans Referendum, also known as Proposed Constitutional Amendment No. 4, was on the November 4, 1969 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved. The measure allowed the Legislature to insure the payment of revenue bonds of the Maine School Building Authority on school projects not exceeding $25 million at any one time. This measure amended Section 14 of Article IX of the Maine Constitution and added Section 14-C of Article IX to the Maine Constitution.
In 1976, the bonding limit on the Maine School Building Authority was reduced from $25 million to $10 million. The limit was further reduced to $10 million in 1981.
| Maine Proposed Constitutional Amendment No. 4 (1969)|
| Yes|| 70,639|| 52.24%|
Election results via: Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-
Text of measure
- See also: Maine Constitution, Article IX, Section 14 and Section 14-C
The language appeared on the ballot as:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
PROPOSED CONSTITUTIONAL AMENDMENT NO. 4
"Shall the Constitution be amended as proposed by a resolution of the Legislature Pledging Credit of State for Loans of Maine School Building Authority?"