Maine Vocational High School Bonds, Question 3 Primary (June 1998)
Text of measure
The language that appeared on the ballot:
Do you favor a $5 million bond issue for capital expenses for vocational high schools?
This Act would authorize the state to issue bonds in an amount not to exceed $5 million to raise funds for capital expenses of vocational high schools. The bonds would run for a period of not longer than 5 years from the date of issue and would be backed by the full faith and credit of the state.
The proceeds of the sale of the bonds would be expended by the State Department of Education and would be used for capital expenses for vocational high schools.
Total estimated lifetime cost is $5,675,000 representing $5 million in principal and $675,000 in interest (assuming interest at 4.5% over 5 years).
- Citizen's guide to the June 9, 2008 ballot measures in Maine (PDF)
- Tabulation of the vote for the June 9, 2008 ballot measures in Maine
- Bond issues on the Maine ballot