Maine Question 2, Technology and Economic Development Bond Measure (2007)
| Maine Question 2 | |
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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 2 was on the ballot as a bond issue in Maine on November 6, 2007. It was approved.
A "yes" vote supported issuing bonds to provide $5 million in loans and grants and $50 million for research and commercialization in targeted technology sectors, administered by the Maine Technology Institute. |
A "no" vote opposed issuing bonds to provide $5 million in loans and grants and $50 million for research and commercialization in targeted technology sectors, administered by the Maine Technology Institute. |
Election results
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Maine Question 2 |
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| Result | Votes | Percentage | ||
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138,615 | 51.21% | ||
| No | 132,080 | 48.79% | ||
Text of measure
Ballot title
The ballot title for Question 2 was as follows:
| “ | Do you favor a bond issue to stimulate economic development and job creation that would provide $5,000,000 in loans and grant funds and would provide $50,000,000 in research, development and commercialization funds for targeted technology sectors, awarded after a competitive process administered by the Maine Technology Institute, and will leverage at least $50,000,000 in other funds? | ” |
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
- Maine History of Bond Authorizations from 110th Legislature to Present
- Maine Votes on Maine Bond Issues, 1951-
Footnotes
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State of Maine Augusta (capital) |
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