LD 1912·ME·senate
An Act To Authorize A General Fund Bond Issue To Address Maine'S Housing Shortage
FailedFiled May 6, 2025
Sponsor: Richard BENNETT
Latest Action
Died in Possession of the Committee Upon Conclusion of the 132nd Legislature and PLACED IN THE LEGISLATIVE FILES (DEAD).
Apr 29, 2026
Summary
The proposal lets the state issue general‑obligation bonds worth up to $60 million, with the money earmarked for four housing initiatives, including incentives for innovative housing manufacturers and weatherization assistance. The bonds would be backed by the state's credit, could not run longer than ten years, and would only take effect if voters approve them in a November referendum. The measure failed to move out of committee.
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