TWEET THIS: http://goo.gl/H6bdsd Continuing my investigation into the constitutional bond ratification process : This looks like the fiscal information which is constitutionally required to accompany the bond questions . This information is found on the Maine Treasurer's report to the Maine legislature. Treasurer Douglass's February 12, 2014 Bond Update to MaineLegislature : Honorable Members of the 126th Maine Legislature: Update on General Obligation Bonds: $52M funded to date; $84M total expected in FY2014; $78M requested in Q1 FY 2015 excerpt: Here are some additional facts about Maine General Obligation Bonds: • Maine GO bonds are traditionally structured to mature in 10 years, with two payments per year after the initial borrowing. • AU bonds expire after 5 years if not issued, but may be reauthorized for 2 years by the Legislature.* • GO bonds are issued by the State Treasurer with the full faith and credit of the ...
Examining the Fundamental transformation of the American political system that originated in the political philosophy preserved by Publius in The Federalist Papers. This blog was originally published as Main Street Economy and focused on legislation passed in the state of Maine "inspired" by similar laws passed by other states which collectively constitutes a fundamental transformation of the American political philosophy within state incubators.