Maine Question 4, Bond Issue to Fund Natural Resource and Other Industries Job Retention and Creation Measure (1991)
| Maine Question 4 | |
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| Election date |
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| Topic Bond issues |
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| Type Bond issue |
Origin |
Maine Question 4 was on the ballot as a bond issue in Maine on November 5, 1991. It was defeated.
A "yes" vote supported issuing $7.5 million in bonds to fund the Maine Street Investment Program, the Natural Resources Capital Investment Fund, and the Economic Opportunity Fund. |
A "no" vote opposed issuing $7.5 million in bonds to fund the Maine Street Investment Program, the Natural Resources Capital Investment Fund, and the Economic Opportunity Fund. |
Election results
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Maine Question 4 |
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| Result | Votes | Percentage | ||
| Yes | 139,848 | 37.47% | ||
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233,399 | 62.53% | ||
Text of measure
Ballot title
The ballot title for Question 4 was as follows:
| “ | Do you favor a $7,500,000 bond issue for use in providing financing assistance to Maine's natural resource and other industries for job retention and job creation? | ” |
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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