An Act To Authorize A General Fund Bond Issue To Improve Coastal Climate Resiliency
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 $75 million in general‑obligation bonds, with the money used for grants to county, municipal, tribal governments and regional councils to strengthen coastal climate resilience and upgrade engineered beaches. Voters would need to approve the bond issue in a statewide November referendum. Any unspent funds after ten years would revert to the state for bond retirement.
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