Maine Bond Interest for York County Vocational Education Center, Referendum Question No. 1 (1970)

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The Maine Bond Interest for York County Vocational Education Center Bond Issue, also known as Referendum Question No. 1, was on the June 15, 1970 ballot in Maine as a legislatively-referred bond question, where it was approved.[1] The measure removed the interest rate limitation of five percent from unissued bonds for a regional vocational center or centers in York County, and put the State Treasurer in charge of setting the interest rate.[2]

Background

In 1965, voters approved approved a legislatively-referred bond question to issue $500,000 in bonds to establish York County Regional Vocational Education Center. The bonds were unlikely to be sold at the set interest rate of five percent. This measure was implemented to made the bonds marketable so that the project could be completed.[2]

Election results

Maine Referendum Question No. 1 (1970)
ResultVotesPercentage
Approveda Yes 80,315 60.40%
No52,64639.60%

Election results via: Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-

Text of measure

The language appeared on the ballot as:[2]

REFERENDUM QUESTION NO. 1

"Shall 'An Act to Amend Bond Issue Act as to Limitation of Interest on Bonds for York County Regional Vocational Education Center or Centers' passed by the first special session of the 104th Legislature, be accepted?" [3]

Similar measures

See also

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External links

References

  1. Maine State Law and Legislative Reference Library, "Votes on Maine Bond Issues, 1951-," accessed April 14, 2014
  2. 2.0 2.1 2.2 Lewiston Daily Sun, "Specimen Ballot," June 8, 1970
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.