Maine OKs $96M In Bonds For Infrastructure, Tech Projects

Law360, New York (May 18, 2012, 3:50 PM EDT) -- With its debt obligations on the decline, the Maine Legislature on Wednesday loosened its purse strings and approved $95.7 million worth of bond issuances, earmarking a large portion for infrastructure and technology development.

Five bond measures easily cleared both houses with a two-thirds majority, showing bipartisan support in a state where the Legislature is fairly evenly split along party lines. The public has the final say on the annual bond package, which will be put to a vote in November.

After skipping new bond issuances altogether...
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