Maine Higher Education Campuses Improvements, Question 6 (2005)

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The Maine Higher Education Campuses Improvements Bond Issue, also known as Question 6, was on the November 8, 2005 ballot in Maine as a legislatively-referred bond question, where it was defeated. The measure would have issued $9 million in bonds to make building renovations at campuses of the University of Maine System, improve and expand the facilities of the Osher Lifelong Learning Institute and at the University of Southern Maine and make building renovations at campuses at the Maine Community College System.[1][2]

Election results

Maine Question 6 (2005)
ResultVotesPercentage
Defeatedd No195,93950.37%
Yes 193,077 49.63%

Election results via: Maine Secretary of State, Elections Division: Referendum Election Tabulations, November 8, 2005

Text of measure

The language appeared on the ballot as:[1]

Question 6: Bond Issue

Do you favor a $9,000,000 bond issue to make building renovations at campuses of the University of Maine System, improve and expand the facilities of the Osher Lifelong Learning Institute at the University of Southern Maine and make building renovations at campuses of the Maine Community College System? [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 $9,000,000 for building renovation and construction projects at higher education facilities in Maine. 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 $5,000,000 would be expended by the Maine Community College System for repairs and improvements to the facilities at several community college campuses around the state; and an additional $2,000,000 would be expended by the University of Maine System for the renovation of buildings on several university campuses. Proceeds of the sale of bonds in the amount of $2,000,000 would be expended by the University of Southern Maine (USM) to build a facility on USM’s Portland campus for the Osher Lifelong Learning Institute, which provides courses for Maine citizens age 55 and older. If the bond issue is approved, this $2,000,000 would be matched by $4,000,000 in private foundation 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 a $9,000,000 bond issue to finance all of the above activities.
A “NO” vote disapproves the bond issue in its entirety.

[3]

Maine Secretary of State, [1]

Fiscal note

The estimated total lifetime cost of the bonds was $11,673,000, with $9,000,000 in principal and $2,673,000 in interest, assuming 5.4 percent over 10 years.[1] The following is the state treasurer's statement that accompanied the Maine Citizen's Guide to the Referendum Election outlining the current bonded debt of the state as of June 30, 2005.

ME2005Nov Ballot Treasurer Statement.PNG

[3]

—David Lemoine, Treasurer of State, [1]

Path to the ballot

Questions 2, 3, 4, 5 and 6 of the November 8, 2005 ballot were all contained within one single legislative act, the full text of which can be read here. It was approved on August 8, 2005 as Chapter 462 of the Public Laws of 2005.[1]

See also

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