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ME LD1182
Bill
Status
4/23/2025
Primary Sponsor
Valli Geiger
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AI Summary
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Increases the Rockland Port District's maximum borrowing capacity from $600,000 to $6,000,000 for issuing bonds and notes
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Expands the district's charter purpose to include sustainable aquaculture and marine industries, in addition to its existing passenger and freight water transportation services
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Authorizes the district to establish, maintain, and operate facilities necessary to support sustainable aquaculture and marine industries
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Allows the City of Rockland to sell and convey property to the district for facilities capable of supporting sustainable aquaculture or marine industries
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Signed into law on April 25, 2025 as Public Law Chapter 52
Legislative Description
An Act to Grant the Rockland Port District an Increase in Its Borrowing Capacity and Include Sustainable Aquaculture and Marine Industries in Its Charter
Municipalities
Last Action
PASSED TO BE ENACTED, in concurrence.
4/23/2025