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Maine School Revolving Renovation Fund, Sprinkler Grants and Homeless Center for Teenagers, Question 1 (2002)

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The Maine School Revolving Renovation Fund, Sprinkler Grants and Homeless Center for Teenagers Bond Issue, also known as Question 1, was on the June 11, 2002 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $28.5 million in bonds to capitalize the School Revolving Renovation Fund, which was used for repairs and improvements in public school facilities to address health, safety and compliance deficiencies, general renovation needs and learning space upgrades. These bonds also were used to provide grants to public educational institutes to install sprinkler systems in dormitories, to renovate the Augusta East Campus Harlow Office Building and to provide a center for homeless teenagers in the Portland Area.[1][2]

Election results

Maine Question 1 (2002)
ResultVotesPercentage
Approveda Yes 104,918 58.02%
No75,90241.98%

Election results via: Maine Secretary of State, Elections Division: Referendum Election Tabulations, June 11, 2002

Text of measure

The language appeared on the ballot as:[1]

Question 1: Bond Issue

Do you favor a $28,500,000 bond issue to capitalize the State's School Revolving Renovation Fund for repairs and improvements in public school facilities to address health, safety and compliance deficiencies, general renovation needs and learning space upgrades; to provide grants to public educational institutions to install sprinkler systems in dormitories; to renovate the Augusta East Campus Harlow Office Building; and to provide a center for homeless teenagers in the Portland Area? [3]

Summary

The following description of the intent and content of this measure was provided in the Maine Citizen's Guide to the Referendum Election:

This Act would authorize the State to issue bonds in an amount not to exceed $28,500,000 to raise funds for a variety of purposes as described below. The bonds would run for a period not longer than 10 years from the date of issue and would be backed by the full faith and credit of the State.

Proceeds of the sale of the bonds in the amount of $13,000,000 would be placed in the School Revolving Renovation Fund administered by the Maine Municipal Bond Bank and would be expended for the purposes authorized pursuant to Title 30-A of the Maine Revised Statutes, section 6006-F. These include making loans to school administrative units for: (1) repair and renovation of school buildings to address serious health, safety and compliance issues such as improving indoor air quality, ensuring accessibility in compliance with the federal Americans with Disabilities Act, repairing or replacing roofs, and removing or abating asbestos; (2) other repairs and improvements related to the structural integrity of school facilities, such as heating systems, doors and windows; and (3) upgrading learning spaces in school buildings such as science laboratories and vocational spaces and increasing classroom flexibility. The Department of Education would determine the eligibility and relative priority of projects for funding under this program, in accordance with section 6006-F.

Proceeds of the sale of bonds in the amount of $5,807,000 would be expended by the University of Maine to purchase and install automatic sprinkler systems in dormitories. Every institution within the University seeking funding for this purpose would be required to prove to the Board of Trustees of the University that it is making reasonable progress toward meeting the requirements of the federal Americans with Disabilities Act of 1990 on that campus.

The Board of Trustees of the Maine Technical College System would be authorized to expend an additional $1,193,000 in bond proceeds for the same purposes (purchasing and installing automatic sprinkler systems in dormitories) at the Technical College campuses, on the same condition that the colleges prove to the Trustees that reasonable progress is being made toward meeting the requirements of the federal Americans with Disabilities Act of 1990 on that campus.

Proceeds of the sale of bonds in the amount of $8,000,000 would be expended by the Department of Administrative and Financial Services to renovate the Harlow Building located at the Augusta East Campus of state office buildings in Augusta. Work will include renovation of all electrical, water and mechanical systems, replacement of the roof, asbestos and mold abatement, and other necessary improvements and equipment related to the occupation of the building by state employees.

An additional $500,000 in bond proceeds would be expended by the Department of Administrative and Financial Services to provide financial assistance to the private non-profit organization, Preble Street Resource Center, Inc., for the renovation of a building in downtown Portland to serve as a teen center for homeless and runaway youth.

If approved, the bond authorization would take effect 30 days after the Governor's proclamation of the vote.

A statement of the Treasurer describing the financial considerations of this bond issue is published together with this statement.

A "YES" vote approves the authorization of a $28,500,000 bond issue to finance public school renovations, the installation of automatic sprinkler systems in college dormitories, the renovation of the Harlow Building for state employees, and the establishment of a teen center for homeless and runaway youth in Portland.

A "NO" vote disapproves the bond issue.[3]

Maine Secretary of State, [1]

Fiscal note

The total estimated life time cost of the bonds was $36,227,775, with $28,500,000 in principal and $7,727,775 in interest, assuming interest at 4.93% over 10 years.[1]

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