Maine Fish Hatcheries Water, Dams and Transportation Improvements, Question 1 (June 2008)
The Maine Fish Hatcheries Water, Dams and Transportation Improvements Bond Issue, also known as Question 1, was on the June 10, 2008 ballot in Maine as a legislatively-referred bond question, where it was approved. The measure issued $29,725,000 in bonds for fish hatcheries to meet water quality requirements, to rehabilitate dams and make transportation improvements.
|Maine Question 1 (June 2008)|
Text of measure
The language appeared on the ballot as:
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 $29,725,000 to raise funds for a variety of projects, 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.
The Department of Inland Fisheries and Wildlife would expend $2,000,000 of the proceeds of the sale of bonds to upgrade fish hatcheries to meet water quality requirements, and $300,000 for major rehabilitation work at existing dams owned by the state.
The Department of Environmental Protection would expend $4,400,000 of the bond proceeds as follows:
The Department of Transportation would expend $23,025,000 of the bond proceeds for the following categories of projects:
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 $29,725,000 bond issue to finance all of the above activities.
A “NO” vote disapproves the bond issue in its entirety. 
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 $38,308,094 representing $29,725,000 in principal and $8,583,094 in interest (assuming interest at 5.25% over 10 years). 
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. 
—Office of Fiscal and Program Review, 
Path to the ballot
Question 1 originated in Part G of Chapter 39 of the Public Laws of 2007, which was approved on April 10, 2007.
- Maine 2008 ballot measures
- 2008 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
- Maine Citizen's Guide to the Referendum Election, Tuesday, June 10, 2008 from Maine Secretary of State
- Referendum Election Tabulations, June 10, 2008 from Maine Secretary of State
- Maine Secretary of State, Division of Elections, "Maine Citizen's Guide to the Referendum Election, Tuesday, June 10, 2008," accessed May 9, 2014
- Maine Secretary of State, Elections Division, "Referendum Election Tabulations, June 10, 2008," accessed May 9, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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