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Maine Question 1, Bond Issue to Fund Job Creation, Research, and Housing Measure (June 2003)
| Maine Question 1 | |
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| Election date |
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| Topic Bond issues and Public economic investment policy |
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| Status |
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| Type Bond issue |
Origin |
Maine Question 1 was on the ballot as a bond issue in Maine on June 10, 2003. It was approved.
A "yes" vote supported issuing $60 million in bonds to fund grants and loans to municipalities, research and development at the University of Maine, and medical research at Maine-based institutions, among other things. |
A "no" vote opposed issuing $60 million in bonds to fund grants and loans to municipalities, research and development at the University of Maine, and medical research at Maine-based institutions, among other things. |
Election results
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Maine Question 1 |
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| Result | Votes | Percentage | ||
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69,340 | 60.90% | ||
| No | 44,520 | 39.10% | ||
Text of measure
Ballot title
The ballot title for Question 1 was as follows:
| “ | Do you favor a $60,000,000 bond issue to stimulate economic growth and job creation through investments in research and development, municipal infrastructure and facilities, the Maine Farms for the Future Program and affordable housing, in anticipation of approximately $134,150,000 in federal and private funds? The bonds would be used for the following purposes:
1. The sum of $6,000,000 to create jobs and reduce property tax burdens by providing grants and loans to municipalities for public facilities and infrastructure; 2. The sum of $6,000,000 to create jobs and stimulate economic growth through expanded research, development, technology commercialization and business incubation facilities at the Advanced Engineered Wood Composites Center at the University of Maine; 3. The sum of $3,000,000 to support educational technology improvements at the University of Maine System; 4. The sum of $3,600,000 in anticipation of $12,000,000 in federal and private funding for University of Maine System research and development activities; 5. The sum of $4,400,000 to expand and equip research and development facilities at the Portland campus of the University of Southern Maine; 6. The sum of $1,000,000 in anticipation of $1,000,000 in federal and private funding for grants to nonprofit marine institutions for research and development; 7. The sum of $20,000,000 for medical research and development by Maine-based biomedical research institutions in anticipation of approximately $100,000,000 in federal and private funds for health research to cure disease and to retain Maine graduates by providing quality Maine jobs; 8. The sum of $2,000,000 to support the State's applied technology development centers; 9. The sum of $3,000,000 to create jobs and stimulate economic growth through the design and construction of the Gulf of Maine Research Laboratory; 10. The sum of $2,000,000 to support the Maine Farms for the Future Program; 11. The sum of $1,000,000 to support funding for the University of Maine agricultural research farms; and 12. The sum of $8,000,000 in anticipation of $21,150,000 in federal and private funds for affordable housing. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In Maine, voter approval is required for state bond issues that exceed $2 million, with exceptions to bonds for the purpose of suppressing insurrection, repelling invasion, or for purposes of war, as well as for temporary loans paid out of money raised by taxation during the fiscal year which they are made, or for loans to be paid within 12 months with federal transportation funds.
A two thirds majority (66.67%) vote is required during one legislative session for the Maine State Legislature to place a bond issue on the ballot. That amounts to a minimum of 101 votes in the Maine House of Representatives and 24 votes in the Maine State Senate, assuming no vacancies. State bond issues require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Maine Augusta (capital) |
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