An Act To Authorize A General Fund Bond Issue To Fund Wastewater Treatment Facility Planning And Construction Of Infrastructure Projects
Died in Possession of the Committee Upon Conclusion of the 132nd Legislature and PLACED IN THE LEGISLATIVE FILES (DEAD).
Summary
The bill would let Maine issue up to $50 million in general‑fund bonds, with proceeds earmarked for grants that help municipalities, quasi‑municipal entities and unorganized townships plan and build wastewater treatment facilities and related infrastructure. The bonds would be backed by the full faith and credit of the state, could not run longer than ten years, and any unused money after that period would revert to the Treasurer for retiring other state debt. The measure required a statewide referendum and ultimately failed to advance out of committee.
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