Maine Allagash Waterway Development, Referendum Question No. 2 (1966)
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The Maine Allagash Waterway Development Bond Issue, also known as Referendum Question No. 2, was on the November 8, 1966 ballot in Maine as a legislatively referred bond question, where it was approved.[1] The measure issued $1.5 million in bonds to develop the maximum wilderness character of the Allagash Waterway.[2][3]
Aftermath
In 1969, a measure was approved to increase in the interest rate for state bonds from five to six percent. That measure was placed on the ballot because the contemporary bond market was not favorable to low interest bonds. It was unlikely that bonds authorized but unissued in the amount of $16 million for water pollution abatement payments and $250 thousand for this measure developing the Allagash Wilderness Waterway could be sold at an interest rate of 5 percent. Without raising the interest rate, it was likely the bonds would have gone unsold and these projects could not have been continued.[4]
Election results
| Maine Referendum Question No. 2 (1966) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 184,937 | 68.42% | ||
| No | 85,354 | 31.58% | ||
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]
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"Shall a bond issue be ratified for the purposes set forth in 'An Act to Authorize Bond Issue in Amount of One Million Five Hundred Thousand Dollars to Develop the Maximum Wilderness Character of the Allagash Waterway,' passed by the 102nd Legislature in special session?" [5] |
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Similar measures
See also
- Maine 1966 ballot measures
- 1966 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
External links
- Lewiston Daily Sun, "Specimen Ballot," November 1, 1966
- Maine State Law and Legislative Reference Library, Votes on Maine Bond Issues, 1951-
- National Conference of State Legislatures, State Ballot Measures Database
Footnotes
- ↑ Maine State Law and Legislative Reference Library, "Votes on Maine Bond Issues, 1951-," accessed April 11, 2014
- ↑ 2.0 2.1 Lewiston Daily Sun, "Specimen Ballot," November 1, 1966
- ↑ Resolves of the State of Maine As Passed by the One Hundred and Second Legislature 1965, "Chapter 34," accessed April 11, 2014
- ↑ Private and Special Laws of the State of Maine As Passed by the One Hundred and Fourth Legislature 1969, "Chapter 195," accessed April 14, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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