Loading chat...
ME LD1013
Bill
AI Summary
- Municipalities must hold a voter referendum to approve any bond issuance of $10,000,000 or more
- Referenda must be held on the first Tuesday in November
- Referendum procedures must follow existing requirements in 30-A MRSA §2354 and Title 21-A
- Enacts new section 5712-A in Title 30-A governing municipal bonds
Legislative Description
An Act to Protect Taxpayers by Requiring Referenda on Significant Municipal Debt
Municipalities
Last Action
Placed in the Legislative Files. (DEAD)
5/22/2025
Committee Referrals
State And Local Government3/12/2025
Full Bill Text
No bill text available