Maine Limits on State Guaranteed Loans, Proposed Constitutional Amendment No. 3 (1978)
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The Maine Limits on State Guaranteed Loans Referendum, also known as Proposed Constitutional Amendment No. 3, was on the November 7, 1978 ballot in Maine as a legislatively referred constitutional amendment, where it was approved.[1] The measure reduced and combined two separate insurance limits under which the Maine Guarantee Authority operated. It combined the $17 million limit for the insurance of recreational projects with the $80 million limit on industrial, manufacturing, fishing and agricultural enterprises to a total limit for all such projects to $90 million. The measure also made fishing vessels registered in the state eligible for such mortgage insurance.This amended Sections 14, 14-A and 14-B of Article IX of the Maine Constitution.[2][3]
Election results
| Maine Proposed Constitutional Amendment No. 3 (1978) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 204,747 | 68.18% | ||
| No | 95,546 | 31.82% | ||
Election results via: Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-
Text of measure
- See also: Maine Constitution, Article IX, Sections 14, 14-A and 14-B
The language appeared on the ballot as:[3]
| “ |
"'Shall the Constitution be amended as proposed by a resolution of the First Regular Session of the 108th Legislature to reduce and combine the guarantee limits for the insurance of enterprises within the State, and to make vessels registered in the State eligible for such insurance?" [4] |
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Similar measures
- Maine State Guaranteed Loans for Industrial Purposes, Proposed Constitutional Amendment No. 1 (1957)
- Maine State Guaranteed Loans for Industrial Purposes Increase, Proposed Constitutional Amendment No. 9 (1964)
- Maine State Guaranteed Loans on Personal Property for Industrial Purposes, Proposed Constitutional Amendment No. 2 (1965)
- Maine State Guaranteed Loans for Recreational Purposes, Proposed Constitutional Amendment No. 3 (1965)
- Maine State Guaranteed Industrial Loans for Fisheries and Agriculture, Proposed Constitutional Amendment No. 6 (1967)
- Maine State Guaranteed Loans for Industry, Fisheries and Agriculture Increase, Proposed Constitutional Amendment (1968)
See also
- Maine 1978 ballot measures
- 1978 ballot measures
- List of Maine ballot measures
- History of Initiative & Referendum in Maine
External links
- Bangor Daily News, "State of Maine General Election November 7, 1978: Important Notice to All Voters of the State of Maine," October 31, 1978
- Maine State Law and Legislative Reference Library, Proposed Constitutional Amendments 1820-
- National Conference of State Legislatures, State Ballot Measures Database
Footnotes
- ↑ Maine State Law and Legislative Reference Library, "Proposed Constitutional Amendments 1820-," accessed April 21, 2014
- ↑ Bangor Daily News, "State of Maine General Election November 7, 1978: Important Notice to All Voters of the State of Maine," October 31, 1978
- ↑ 3.0 3.1 Constitutional Resolutions of the State of Maine As Passed at the First Regular Session of the One Hundred and Eighth Legislature, "Chapter 3," accessed April 21, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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