| Be it enacted by the People of the State of Maine as follows: |
|
| | Sec. A-1. To raise money for construction of jail facility for York County. The | county commissioners of York County are authorized to raise and | expend a sum not to exceed $20,000,000 for construction of a | county jail facility located in York County. |
|
| | Sec. A-2. Aid from other sources. The county commissioners of York | County are authorized to borrow any portion of the sums | authorized by this Part from or through any agency or department | of the State and the Federal Government. The county | commissioners are authorized to receive grants of money and other | assistance from or through any agency or department of the State | and the Federal Government for any of the purposes authorized in | this Part. |
|
| | Sec. A-3. Bonds. To provide funds for the county jail facility, | the treasurer of York County, with the approval of the county | commissioners, may borrow upon the full faith and credit of the | county such sums as necessary, not exceeding in the aggregate | $20,000,000, and may issue bonds for those sums that must bear on | their face the words "York County Capital Improvement Bonds Act | of 1999, Part A." Each authorized issue is payable in such | annual installments, beginning not more than 2 years from the | date of authorization and not earlier than the year 2001, as will | extinguish each loan in not more than 20 years from its date. | The bonds must be signed by the treasurer of the county and | countersigned by the majority of the county commissioners. The | county may sell the securities at public or private sale upon | such terms and conditions as the county commissioners may | determine proper but at not less than par and accrued interest. |
|
| | Sec. A-4. Temporary notes. The county treasurer, with the approval | of the county commissioners, may issue temporary notes of the | county payable not more than one year from their dates in | anticipation of the issue of bonds under this Part and may renew | those notes, but the time within which the bonds become due and | payable may not by reason of such temporary notes be extended | beyond the term fixed by this Part. Any notes issued in | anticipation of the bonds must be paid from the proceeds of the | bonds. |
|
| | Sec. A-5. Bonds authorized but not issued. Any bonds authorized but not | issued, or for which bond anticipation notes have not been issued | within 5 years of the ratification of this Part, are deauthorized | and may not be issued, provided that the Legislature may, within | 2 years after the expiration of that 5-year period, extend the | period for issuing any remaining unissued bonds or bond | anticipation notes for an additional amount of time not to exceed | 5 years. |
|
|