An Act To Authorize A General Fund Bond Issue To Support Maine'S Agricultural And Forestry Sectors
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill would let Maine issue up to $40 million in general‑fund bonds, with proceeds earmarked for specific agriculture and forestry initiatives such as the Investment Fund, drought relief, soil health, farmland protection, and dairy improvement. The bonds would be sold by the State Treasurer, have a maximum ten‑year term, and any unused money after ten years would go toward retiring other state bonds. The measure requires a statewide referendum; voters would decide in a November election whether to approve the bond.
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