November 23, 2024
VOTE 2002

Question 2: Bond Issue

STATE OF MAINE

Referendum Election, June 11, 2002

Question 2: Bond Issue

Do you favor a $34,970,000 bond issue to stimulate job growth, renovate buildings, defend against terrorism in Maine and promote tourism? The bonds would be used for the following purposes:

1. Funds of $4,000,000 for the Municipal Investment Trust Fund to provide loans and grants to municipalities for public infrastructure to support economic development and other purposes of the fund;

2. Funds of $8,000,000 to the Finance Authority of Maine to create and retain Maine jobs through the funding of community, regional and state business financing programs;

3. Funds of $540,000 for the protection of the lives and property of Maine citizens;

4. Funds of $6,000,000 to capitalize the Maine Rural Development Authority to facilitate job creation through the development and redevelopment of commercial and industrial buildings in Maine;

5. Funds of $400,000 for renovation of buildings and associated infrastructure at the Schoodic Education and Research Center. State bond funds will match $4,000,000 in federal funds;

6. Funds of $5,000,000 for the construction of a facility for product development and support that will provide the University of Maine with the resources needed to help solve daily manufacturing and engineering problems;

7. Funds of $4,000,000 for the construction of a facility for product development and support that will provide the University of Southern Maine with the resources needed to help solve daily manufacturing and engineering problems;

8. Funds of $5,500,000 for medical research and development by Maine-based biomedical research institutions in order to obtain matching federal funds for health research to cure disease and to retain Maine graduates by providing quality Maine jobs;

9. Funds of $1,000,000 for the planning and construction of the Franco-American Heritage Center at St. Mary’s in Lewiston;

10. Funds of $30,000 to assist the Moosehead Marine Museum in the renovation of its flagship, the Katahdin; and

11. Funds of $500,000 for the renovation of the Center Theater in downtown Dover-Foxcroft.


Have feedback? Want to know more? Send us ideas for follow-up stories.

comments for this post are closed

You may also like