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Maine State Insured School Building Authority Loans, Proposed Constitutional Amendment No. 4 (1969)

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The Maine State Insured School Building Authority Loans Referendum, also known as Proposed Constitutional Amendment No. 4, was on the November 4, 1969 ballot in Maine as a legislatively-referred constitutional amendment, where it was approved.[1] The measure allowed the Legislature to insure the payment of revenue bonds of the Maine School Building Authority on school projects not exceeding $25 million at any one time. This measure amended Section 14 of Article IX of the Maine Constitution and added Section 14-C of Article IX to the Maine Constitution.[2][3]

Aftermath

In 1976, the bonding limit on the Maine School Building Authority was reduced from $25 million to $10 million. The limit was further reduced to $10 million in 1981.

Election results

Maine Proposed Constitutional Amendment No. 4 (1969)
ResultVotesPercentage
Approveda Yes 70,639 52.24%
No64,59447.76%

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

Text of measure

See also: Maine Constitution, Article IX, Section 14 and Section 14-C

The language appeared on the ballot as:[2]

PROPOSED CONSTITUTIONAL AMENDMENT NO. 4

"Shall the Constitution be amended as proposed by a resolution of the Legislature Pledging Credit of State for Loans of Maine School Building Authority?" [4]

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