An Act To Authorize A General Fund Bond Issue For Further Investment In Maine-Based Businesses
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 general‑fund bonds worth no more than $25 million to finance the Small Enterprise Growth Fund, which invests in small, independent Maine companies. Bond proceeds must be used for the fund’s operations and direct investments, and any unused money after ten years would be applied to retire other state bonds. The issuance would only take effect if a majority of voters approve the measure in a November referendum.
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