Maine Water Pollution Bonds (1998)
From Ballotpedia
Maine Question 2 (Primary) was on the June 9, 1998 primary election ballot in Maine. It passed, with 66.7% of voters in favor.
Text of the proposal
The language that appeared on the ballot:
Do you favor a $6 million bond issue to construct water pollution control facilities, to close and clean up municipal solid waste landfills, and to mitigate storm water pollution through a comprehensive watershed protection program?
P.L. 1997, chapter 561 authorized the State, contingent upon voter approval, to make two issues of bonds in a total amount not to exceed $13 million to raise funds to construct water pollution control facilities, to close and clean up municipal solid waste landfills, to clean up tire stockpiles, to mitigate storm water pollution through a comprehensive watershed protection program, and to make drinking water improvements. The bonds would run for a period of not longer than 5 years and would be backed by the full faith and credit of the state.
The first bond issue, in an amount not to exceed $7 million, was voted on at the November 4, 1997 election, and approved by the people of the State. Proceeds of the sale of the first bond issue are to be expended for the construction of water pollution control facilities; to clean up tire stockpiles; and to address environmental health deficiencies in drinking water supplies.
The second bond issue, in an amount not to exceed $6 million, will be voted on at the June 9, 1998 Primary Election. Proceeds of the sale of the second bond issue would be expended under the direction of the Department of Environmental Protection as follows: $1 million for the construction of water pollution control facilities; $4.5 million to provide grants to municipalities to close and clean up solid waste landfills; and $500,000 for the mitigation of storm water pollution through the establishment of a comprehensive watershed protection program.
Total estimated lifetime cost is $6,810,000 representing $6 million in principal and $810,000 in interest (assuming interest at 4.5% over 5 years).
See also
External links
- Citizen's guide to the June 9, 2008 ballot measures in Maine (PDF)
- Tabulation of the vote for the June 9, 2008 ballot measures in Maine
- Bond issues on the Maine ballot
