Maine Technical Colleges Infrastructure Improvements, Question 6 (1999)

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The Maine Technical Colleges Infrastructure Improvements Bond Issue, also known as Question 6, was on the November 2, 1999 ballot in Maine as a legislatively-referred bond question, where it was approved.[1] The measure approved $26,420,000 in bonds for infrastructure improvements at the seven technical colleges. These bonds had to be matched by at least $7 million in private or in-kind donations.[2]

Election results

Maine Question 6 (1999)
ResultVotesPercentage
Approveda Yes 284,880 69.66%
No124,05230.34%

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]

Question 6: Bond Issue

Do you favor a $26,420,000 bond issue for infrastructure improvements at Maine's 7 technical colleges that must be matched by at least $7,000,000 of private or in-kind donations? [3]

Summary

The following description of the intent and content of this measure was given in the Citizen's Guide to the Referendum Election:

This Act would authorize the State to issue bonds in an amount not to exceed $26,420,000 to raise funds for infrastructure improvements at Maine's seven technical colleges. This amount must be matched by at least $7,000,000 in private or in-kind donations over the term of the bond. The bonds would run for a period of not longer than 10 years from the date of issue and would be backed by the full faith and credit of the State.

The proceeds from the sale of the bonds would be expended by Maine's Technical College System and would be used for high technology laboratories and libraries, facility improvements and expansions and upgrading telecommunications and information technology. The proceeds would be allocated as follows: {[3]

— $3,250,000 , -

Fiscal impact

The estimated interest on the bonds at 4.6 percent over 10 years was $6,684,260, for a total estimated life time cost of $33,104,260.[2]

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