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ME LD2127
Bill
AI Summary
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Increases the cap on mortgage purchase bonds issued by the Maine State Housing Authority from $3 billion to $4 billion for bonds secured by the Housing Reserve Fund or Capital Reserve Fund
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Maintains existing limits on separately-secured bonds at $100 million per calendar year with a maximum aggregate outstanding of $300 million
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Amends 30-A MRSA §4907, sub-§1, which was previously amended in 2023
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Sponsored by Senator Curry of Waldo and referred to the Committee on Housing and Economic Development
Legislative Description
An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State
Bond Issues
Last Action
On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence.
3/10/2026