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Maine Prohibition of Bonding on Current Expenditures (1976)

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The Maine Prohibition of Bonding on Current Expenditures Referendum was on the November 2, 1976 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved.[1] The measure prohibited the use of proceeds from the sale of bonds to fund current expenditures and provided by appropriation for the payment of interest and installments of principal upon all bonded debt as they became due and payable. This amended Article V, Part Fourth of the Maine Constitution by adding a new section, Section 5.[2]

Election results

Maine Prohibition of Bonding on Current Expenditures Referendum (1976)
Approveda Yes 242,299 61.83%

Election results via: Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-

Text of measure

See also: Maine Constitution, Article V, Part Third, Section 5

The language appeared on the ballot as:[3]

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

"Shall the Constitution be amended as proposed by a resolution of the Legislature to prohibit State bonding of current expenditures and assure revenues for bond service?"

Constitutional changes

The full text of the added constitutional section can be read[1].

See also

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