Maine Technology Sector Bond Act (2007)
From Ballotpedia
Maine Question Two is a bond authorization question that appeared on Maine's November 6, 2007 general election ballot. The state legislature voted to place this issue before the state's voters.
The bond issue passed with 128,560 (51%) votes in favor and 122,184 (49%) votes against.
It authorizes sale of a $55,000,000 bond issue. The money raised through the bond would be earmarked for "economic development and job creation" specifically through funding "targeted technology sectors". Funds would go to private corporations after a competitive process administered by the Maine Technology Institute.
Taxpayer's perspective
According to the National Taxpayers Union, "Question 2 would issue $50 million in "technology sector" bonds, and put up $5 million in loans and grants for research and development initiatives."
