An Act To Authorize A General Fund Bond Issue To Invest In A Green Energy Materials Building At The University Of Maine

This bill authorizes the State of Maine to issue up to $35 million in bonds to fund the completion of a green energy materials building at the University of Maine. The legislation outlines the process for selling these bonds, managing the resulting funds, and ensuring they are used exclusively for the construction project. Before the funds can be spent, the bill must be approved by Maine voters in a statewide referendum held after the law is passed. If approved, the project proceeds under the supervision of the University of Maine System, with any leftover money after construction going toward paying off other state debt.