Maine legislation · 132nd Legislature
Maine LD1733: An Act to Provide Reduced Interest Rates for Logging and Fishing Operations
Status: Signed into law, June 22, 2025
What the bill says
An Act to Provide Reduced Interest Rates for Logging and Fishing Operations.
From the introduced text:
An Act to Provide Reduced Interest Rates for Logging and Fishing Operations Sec. 1. 10 MRSA §1023-Q is enacted to read: §1023-Q. Improvements to Logging and Fishing Enterprises Loan Program 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Fishing enterprise" means any enterprise directly or indirectly concerned with the commercial harvest of wild or aquacultured marine organisms whose primary source of income is derived from such harvesting. "Fishing enterprise" includes licensed persons who fish commercially, aquaculturists and cooperatives for persons who fish commercially. B. "Fund" means the Improvements to Logging and Fishing Enterprises Loan Fund. C. "Logging enterprise" means a person who qualifies as an independent contractor under Title 26, section 1043, subsection 11, paragraph E and who is engaged in harvesting or hauling trees from forest land for a forest landowner. 2. Program authorized. In accordance with this section, the authority shall establish and oversee the Improvements to Logging and Fishing Enterprises Loan Program to increase the availability of capital by financing loans to a logging enterprise or fishing enterprise. 3. Improvements to Logging and Fishing Enterprises Loan Fund. The Improvements to Logging and Fishing Enterprises Loan Fund is established within the authority. The authority may receive, invest and expend on behalf of the fund money from …
Sponsors
- Richard Bennett (R, 18) · primary sponsor
- Susan Bernard (R, 1)
- Amanda Collamore (R, 68)
- Lucien Daigle (R, 1)
- William Faulkingham (R, 12)
- Craig Hickman (D, 14)
- Laurie Osher (D, 25)
- William Pluecker (I, 44)
- Morgan Rielly (D)
- Nathan Wadsworth (R, 82)
Latest actions
- : PASSED TO BE ENACTED, in concurrence.
- : PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
- : CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-294).In concurrence. ORDERED SENT FORTHWITH.
- : Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-294) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-294).Ordered sent down forthwith for concurrence.
- : The Bill was REFERRED to the Committee on HOUSING AND ECONOMIC DEVELOPMENT.In concurrence. ORDERED SENT FORTHWITH.
- : Committee on HOUSING AND ECONOMIC DEVELOPMENT suggested and ordered printed REFERENCE to the Committee on HOUSING AND ECONOMIC DEVELOPMENT Ordered sent down forthwith for concurrence
Subjects: FINANCIAL PRACTICES, Legislature, Senate, Other, LOANS, COMMERCIAL LOGGING AND FISHING
Common questions
- What is LD1733?
- LD1733 is a bill in the Maine Legislature (132nd Legislature): An Act to Provide Reduced Interest Rates for Logging and Fishing Operations.
- What does LD1733 do?
- In its own words: An Act to Provide Reduced Interest Rates for Logging and Fishing Operations.
- What is the status of LD1733?
- Signed into law as of June 22, 2025. Latest action: PASSED TO BE ENACTED, in concurrence. (June 10, 2025).
- Who sponsored LD1733?
- Richard Bennett (R, 18), with 9 co-sponsors.
- Where is the official record for LD1733?
- On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1733&snum=132
Source: official Maine record. Tracked by Delilah, AI for legislation across all 50 states and Congress.