ME LD1775

Authorizes the Finance Authority of Maine to issue up to $87,000,000 in revenue bonds to fund county jail upgrades and holding facilities that detain adults for up to 72 hours

Funds must be distributed on a pro rata population basis to county jails and used to accommodate residents with substance use disorders, provide treatment and recovery services, and address funding shortfalls

Bond repayment must begin by July 1, 2026 and be fully repaid by June 30, 2036 (10-year term)

Repayment funded 50% from wholesale spirits operations revenue and 50% from opioid settlement funds deposited in the Maine Recovery Fund

Bonds are not considered state debt and do not pledge the full faith and credit of Maine; if either funding source expires before bond maturity, funds must be escrowed to ensure repayment