Loading chat...

ME LD1382

Bill

Official Source

Status

Enrolled

6/10/2025

Primary Sponsor

Nina Milliken

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Municipalities and quasi-municipal corporations or districts may request loans up to $1,000,000 per application from the Dam Repair and Reconstruction Fund
  • Loan payback periods range from 5 to 30 years, but cannot exceed the useful life of the proposed dam project
  • The department may require applicants to provide matching funds to qualify for a loan
  • The department is authorized to establish a loan forgiveness program for loans granted under this section

Legislative Description

An Act Regarding Dam Repair

Maintenance

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

Committee Referrals

Criminal Justice And Public Safety4/8/2025
Environment And Natural Resources4/1/2025

Full Bill Text

No bill text available