An Act To Authorize A General Fund Bond Issue To Secure Prosperity For Maine Families And Businesses
The Bill was in the possession of the Committee on Appropriations and Financial Affairs when the Legislature adjourned Sine Die and was placed in the Legislative Files. (DEAD)
Summary
The bill would let Maine issue general‑fund bonds worth as much as $300 million to fund housing tax credits, rural affordable‑housing rentals, first‑time‑homebuyer assistance, child‑care partnerships, and expansion of public water and sewer systems. The money could only be used for those programs and would be repaid from the state’s general fund, with any unused proceeds after ten years applied to retiring other bonds. The bond issue must be approved by a statewide referendum in November before it takes effect.
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