Do you favor a $60,000,000 bond issue to stimulate economic growth and job creation through investments in research and development, municipal infrastructure and facilities, the Maine Farms for the Future Program and affordable housing, in anticipation of approximately $134,150,000 in federal and private funds? The bonds would be used for the following purposes:

1. The sum of $6,000,000 to create jobs and reduce property tax burdens by providing grants and loans to municipalities for public facilities and infrastructure;

2. The sum of $6,000,000 to create jobs and stimulate economic growth through expanded research, development, technology commercialization and business incubation facilities at the Advanced Engineered Wood Composites Center at the University of Maine;

3. The sum of $3,000,000 to support educational technology improvements at the University of Maine System;

4. The sum of $3,600,000 in anticipation of $12,000,000 in federal and private funding for University of Maine System research and development activities;

5. The sum of $4,400,000 to expand and equip research and development facilities at the Portland campus of the University of Southern Maine;

6. The sum of $1,000,000 in anticipation of $1,000,000 in federal and private funding for grants to nonprofit marine institutions for research and development;

7. The sum of $20,000,000 for medical research and development by Maine-based biomedical research institutions in anticipation of approximately $100,000,000 in federal and private funds for health research to cure disease and to retain Maine graduates by providing quality Maine jobs;

8. The sum of $2,000,000 to support the State’s applied technology development centers;

9. The sum of $3,000,000 to create jobs and stimulate economic growth through the design and construction of the Gulf of Maine Research Laboratory;

10. The sum of $2,000,000 to support the Maine Farms for the Future Program;

11. The sum of $1,000,000 to support funding for the University of Maine agricultural research farms; and

12. The sum of $8,000,000 in anticipation of $21,150,000 in federal and private funds for affordable housing.

If the bonds are approved by voters and issued for the full statutory period authorized, an estimate of the total interest and principal that may reasonably be expected to be paid is $74,850,000 representing $60,000,000 in principal and $14,850,000 in interest.


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