LD225 - Research & Development

(2012)

An Act To Authorize a General Fund Bond Issue in the Amount of $20,000,000 To Fund Research and Development

Sponsored by Sponsored by: Sen. Chris Rector (R – Thomaston)

What is the bill?

LD 225 would have invested $20 million to create new high tech jobs in agriculture, forestry, boat-building, fisheries, precision manufacturing and others key sectors. The research and development bond was approved by an overwhelming bipartisan margin in the Maine Legislature only to have it vetoed by Governor LePage. This bond, which would have required approval from the voters, would have created jobs for Maine workers. LD 225 had support from business, labor, and environmental groups. Ultimately, the Senate voted to override the Governor’s veto and sustain the bill, but the House failed to override the Governor’s veto and therefore the bond will not go before voters in November.

What happened?

Bill passed initially; vetoed by the Governor. Veto overridden in Senate; veto sustained in House. Bill failed.

Votes