Maine LD362: An Act to Authorize a General Fund Bond Issue to Replenish the Land for Maine's Future Program

What the bill says

An Act to Authorize a General Fund Bond Issue to Replenish the Land for Maine's Future Program Received by the Secretary of the Senate on January 30, 2025. Referred to the Committee on Appropriations and Financial Affairs pursuant to Joint Rule 308.2 and ordered printed. DAREK M. GRANT Secretary of the Senate Presented by Senator BLACK of Franklin. Cosponsored by Senators: BENNETT of Oxford, CYRWAY of Kennebec, GROHOSKI of Hancock, PIERCE of Cumberland, RENY of Lincoln, Representatives: DUCHARME of Madison, HENDERSON of Rumford, THORNE of Carmel. Printed on recycled paper Preamble…

From the engrossed text:

An Act to Authorize a General Fund Bond Issue to Replenish the Land for Maine's Future Program Received by the Secretary of the Senate on January 30, 2025. Referred to the Committee on Appropriations and Financial Affairs pursuant to Joint Rule 308.2 and ordered printed. DAREK M. GRANT Secretary of the Senate Presented by Senator BLACK of Franklin. Cosponsored by Senators: BENNETT of Oxford, CYRWAY of Kennebec, GROHOSKI of Hancock, PIERCE of Cumberland, RENY of Lincoln, Representatives: DUCHARME of Madison, HENDERSON of Rumford, THORNE of Carmel. Printed on recycled paper Preamble. Two thirds of both Houses of the Legislature deeming it necessary in accordance with the Constitution of Maine, Article IX, Section 14 to authorize the issuance of bonds on behalf of the State of Maine to provide funds as described in this Act, Be it enacted by the People of the State of Maine as follows: Sec. 1. Authorization of bonds. The Treasurer of State is authorized, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $50,000,000 for the purposes described in section 5 of this Act. The bonds are a pledge of the full faith and credit of the State. The bonds may not run for a period longer than 10 years from the …

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Sponsors

• Russell Black (R, 5) · primary sponsor