Maine LD1775: An Act to Authorize the Issuance of a Revenue Bond to Upgrade County Jails to Meet the Corrections Needs of Maine's Counties

What the bill says

An Act to Authorize the Issuance of a Revenue Bond to Upgrade County Jails to Meet the Corrections Needs of Maine's Counties Reference to the Committee on Housing and Economic Development suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative DUCHARME of Madison. Cosponsored by Senator GUERIN of Penobscot and Representatives: BRIDGEO of Augusta, FARRIN of Jefferson, GREENWOOD of Wales, Senators: BALDACCI of Penobscot, BERNARD of Aroostook, BLACK of Franklin, MOORE of Washington, STEWART of Aroostook. Printed on recycled paper.

From the engrossed text:

An Act to Authorize the Issuance of a Revenue Bond to Upgrade County Jails to Meet the Corrections Needs of Maine's Counties Reference to the Committee on Housing and Economic Development suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative DUCHARME of Madison. Cosponsored by Senator GUERIN of Penobscot and Representatives: BRIDGEO of Augusta, FARRIN of Jefferson, GREENWOOD of Wales, Senators: BALDACCI of Penobscot, BERNARD of Aroostook, BLACK of Franklin, MOORE of Washington, STEWART of Aroostook. Printed on recycled paper Be it enacted by the People of the State of Maine as follows: Sec. 1. Finance Authority of Maine to issue revenue bonds. In accordance with the Maine Revised Statutes, Title 10, section 962, subsection 2 and section 969-A, subsection 5, the Finance Authority of Maine may issue up to $87,000,000 in revenue bonds to provide funds to county jails for the purposes stated in section 4. Sec. 2. Not debt of State. Bonds issued pursuant to section 1, including any notes or other evidences of indebtedness or obligations designated as bonds issued pursuant to section 1, may not be considered to be a debt of the State or a pledge of the full faith and credit of the State. All bonds issued pursuant to section 1 must have a statement on their face that the State is …

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Sponsors

• John Ducharme (R, 71) · primary sponsor