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Maine Question 6, Bond Issue for Higher Education Campuses Improvement Measure (2005)
| Maine Question 6 | |
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| Election date |
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| Topic Bond issues and Higher education funding |
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| Status |
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| Type Bond issue |
Origin |
Maine Question 6 was on the ballot as a bond issue in Maine on November 8, 2005. It was defeated.
A "yes" vote supported issuing $9 million in bonds to fund renovations in:
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A "no" vote opposed issuing $9 million in bonds to fund renovations for Maine's higher education systems. |
Election results
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Maine Question 6 |
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| Result | Votes | Percentage | ||
| Yes | 193,077 | 49.63% | ||
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195,939 | 50.37% | ||
Text of measure
Ballot title
The ballot title for Question 6 was as follows:
| “ | Do you favor a $9,000,000 bond issue to make building renovations at campuses of the University of Maine System, improve and expand the facilities of the Osher Lifelong Learning Institute at the University of Southern Maine and make building renovations at campuses of the Maine Community College System? | ” |
Full Text
The full text of this measure is available here.
Fiscal note
The estimated total lifetime cost of the bonds was $11,673,000, with $9,000,000 in principal and $2,673,000 in interest, assuming 5.4 percent over 10 years.[1] The following is the state treasurer's statement that accompanied the Maine Citizen's Guide to the Referendum Election outlining the current bonded debt of the state as of June 30, 2005.
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| —David Lemoine, Treasurer of State | ||
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
- ↑ 1.0 1.1 Maine Secretary of State, Division of Elections, "Maine Citizen's Guide to the Referendum Election, Tuesday, November 8, 2005," accessed May 7, 2014
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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State of Maine Augusta (capital) |
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