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Bond Question: November 8, 2005
Question: Do you favor a $20,000,000 bond issue to stimulate economic growth and job creation through investments in the Maine economy in anticipation of approximately $44,000,000 in federal and private funds for medical research and development; marine research and development; equity investments in small Maine companies with potential for high growth; the New Century Community Program for capital improvements to cultural resources; the renovation of Camden Hall on the University of Maine Bangor campus for a graduate school for biomedical science; the development of the Laboratory for Surface Science Technology; capital costs and equipment for the career center facility at the University of Southern Maine's Lewiston-Auburn College; and the development of the Sunrise Business and Career Center in the Town of Jonesboro?
Voting Result: Passed
View Authorization/Project Information
Authorization/Project Information
Department: Department of Economic and Community Development
Project Description: Provides funds for the Maine Biomedical Research Fund to support capital infrastructure and equipment in anticipation of approximately $36,000,000 in federal and private funds. Eligible institutions are those delineated in the Maine Revised Statutes, Title 5, section 13103.
Amount: $8,000,000
Department: Department of Economic and Community Development
Project Description: Provides funds for the Marine Infrastructure and Technology Fund administered by the Maine Technology Institute to match $4,000,000 in federal and private funding for competitive capital infrastructure grants to nonprofit marine research laboratories, institutions and state governmental and quasi-governmental agencies. Eight hundred fifty thousand dollars is set aside to purchase the property known as Black Duck Cove on Great Wass Island to serve as the home of the Downeast Institute for Applied Marine Research and Education. If the institute receives $1,000,000 or more from the Federal Government for this
purpose, then the funds set aside are to be awarded as competitive grants.
Amount: $4,000,000
Department: Department of Economic and Community Development
Project Description: Provides funds for the Marine Infrastructure and Technology Fund administered by the Maine Technology Institute to match $4,000,000 in federal and private funding for competitive capital infrastructure grants to nonprofit marine research laboratories, institutions and state governmental and quasi-governmental agencies. Eight hundred fifty thousand dollars is set aside to purchase the property known as Black Duck Cove on Great Wass Island to serve as the home of the Downeast Institute for Applied Marine Research and Education. If the institute receives $1,000,000 or more from the Federal Government for this
purpose, then the funds set aside are to be awarded as competitive grants.
Amount: $4,000,000
Department: Small Enterprise Growth Fund
Project Description: Provides funds for the Small Enterprise Growth Fund to make equity investments in small Maine companies with the potential for high growth to leverage funds of at least $1,000,000.
Amount: $1,000,000
Department: Maine State Cultural Affairs Council
Project Description: Provides funds for the New Century Community Program in anticipation of $3,000,000 in matching funds to invest in capital improvements improving cultural assets, including libraries, museums, historical buildings, theaters and arts facilities.
Amount: $1,000,000
Department: Department of Education
Project Description: Provides funds for the development of the Sunrise Business and Career Center in the Town of Jonesboro.
Amount: $1,000,000
Department: University of Maine
Project Description: Provides funds for the Laboratory for Surface Science Technology.
Amount: $2,000,000
Department: University of Maine
Project Description: Provides funds to renovate Camden Hall on the University of Maine Bangor campus for a graduate school for biomedical science.
Amount: $1,000,000
Department: University of Maine System
Project Description: Provides funds for the career center facility at the University of Southern
Maine's Lewiston-Auburn College. Funds will be used for capital costs and equipment for the center.
Amount: $2,000,000
