Maine Water Pollution Abatement Interest Repeal, Referendum Question No. 4 (1970)

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The Maine Water Pollution Abatement Interest Repeal Bond Issue, also known as Referendum Question No. 4, was on the November 3, 1970 ballot in Maine as a legislatively-referred bond question, where it was approved.[1] The measure repealed the interest limit on unissued bonds for water pollution abatement.[2]

Background

According to the Attorney General's explanatory statement on the measure, there was an unissued balance of $16,000,000 in bonds authorized by the voters on November 3, 1964. Those bonds were authorized to provide for state grants in the construction and equipment of pollution abatement facilities. It was unlikely that the bonds could be sold at their limited interest rate of six percent. This measure removed that interest limitation making the bonds more marketable.[2]

Aftermath

A further $30 million in bonds was issued in 1977 for pollution abatement facilities though voter approval of a legislatively-referred bond question.[3]

Election results

Maine Referendum Question No. 4 (1970)
ResultVotesPercentage
Approveda Yes 175,111 67.90%
No82,78932.10%

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]

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

REFERENDUM QUESTION NO. 4

"Shall 'An Act Repealing the Interest on Unissued Bonds for Water Pollution Abatement,' as passed by the 104th Legislature in Special Session, be approved?"

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