Loading chat...
ME LD1140
Bill
Status
3/18/2025
Primary Sponsor
Matthea Larsen Daughtry
Click for details
AI Summary
-
Authorizes $45,000,000 in general obligation bonds with a maximum 10-year term, requiring voter approval at a November statewide referendum
-
Allocates $35,000,000 to the Maine Agriculture, Food and Forest Products Investment Fund, with two-thirds designated for agricultural/food producers and one-third for forest products producers
-
Directs $5,000,000 to the Maine Milk Commission to support the dairy sector
-
Provides $2,500,000 for farmer disaster relief and $2,500,000 to the Land for Maine's Future Board for working farmland access and protection
-
Bonds must be issued within 5 years of voter ratification or become deauthorized; unspent proceeds after 10 years lapse to retire general obligation bonds
Legislative Description
An Act to Authorize a General Fund Bond Issue to Strengthen the Resilience and Growth of Maine's Agricultural Economy
Bond Issues
Last Action
CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6/25/2025