Maine Drinking Water and Waste Water Treatment Facilities, Question 2 (June 2007)

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The Maine Drinking Water and Waste Water Treatment Facilities Bond Issue, also known as Question 2, was on the June 12, 2007 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $18.3 million in bonds for drinking water programs and construction of waste water treatment facilities. These projects would also have some matching federal funds.[1][2]

Election results

Maine Question 2 (June 2007)
ResultVotesPercentage
Approveda Yes 74,893 64.35%
No41,48335.65%

Election results via: Maine Citizen's Guide to the Special Referendum Election, Tuesday, June 12, 2007

Text of measure

The language appeared on the ballot as:[1]

Question 2: Bond Issue

Do you favor an $18,300,000 bond issue to support drinking water programs and to support the construction of wastewater treatment facilities that will leverage $49,500,000 in other funds? [3]

Summary

The following description of the intent and content of this ballot 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 $18,300,000 for wastewater treatment and drinking water systems. 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.

The Department of Environmental Protection would expend $14,900,000 of the proceeds of the sale of the bonds as follows:

  • $2,900,000 would go into an existing State Revolving Loan Fund, to be matched by $14,500,000 in federal funds, and distributed as low interest loans to municipalities to repair, improve or upgrade wastewater treatment facilities; and
  • $12,000,000 would be distributed in grants to municipalities to construct, improve or upgrade wastewater treatment facilities.

The Department of Health and Human Services would expend $3,400,000 of the bond proceeds in grants and low interest loans to eligible public water systems to construct and upgrade public drinking water systems, through the Drinking Water State Revolving Fund. These funds would be matched by $17,000,000 in federal funds.

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 authorization of an $18,300,000 bond issue to finance all of the above activities.

A “NO” vote disapproves the bond issue in its entirety. [3]

Office of the Attorney General, [1]

Fiscal note

The following description of the debt service of this ballot measure was provided in the Maine Citizen's Guide to the Referendum Election:

Total estimated life time cost is $23,835,750.00 representing $18,300,000.00 in principal and $5,535,750.00 in interest (assuming interest at 5.5% over 10 years). [3]

Office of the Treasurer, [1]

The following fiscal impact statement was provided in the Maine Citizen's Guide to the Referendum Election:

This bond issue has no significant fiscal impact other than the debt service costs identified above. [3]

—Office of Fiscal and Program Review, [1]

Path to the ballot

Question 1 and Question 2 on the June 12, 2007 ballot were both part of Chapter 39 of the Public Laws of 2007, which was approved on April 10, 2007 by the state legislature. Question 1 was described in Part A of the legislation and Question 2 was described in Part B. Parts C through F of the measure were voted upon on the November 6, 2007 ballot, and Part G was voted upon on the June 10, 2008 ballot.[1]

See also

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