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Borrowing proposals are brought to the legislature.
The Legislature selects and the Governor approves projects they believe should be funded from money borrowed through general obligation (G.O.) bonds.
A statewide election is held to authorize or reject the bond proposals. http://www.maine.gov/sos/cec/elec/upcoming/index.html
Questions for the Referendum Election
When bond issues are on a referendum ballot, the Treasurer of State prepares a statement summarizing the total amount of State bonds that are outstanding and unpaid, the total amount of State bonds authorized and unissued, and the total amount of State bonds to be issued if ratified by the voters.
Click here to view the Treasurer’s Statement November 2021 (MS Word)
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