Loading chat...
ME LD483
Bill
Status
2/6/2025
Primary Sponsor
Ryan Fecteau
Click for details
AI Summary
-
Authorizes $300,000,000 in general obligation bonds, with a maximum 10-year term, to be administered by the Maine State Housing Authority
-
Allocates $125,000,000 to existing housing programs: $80,000,000 for the state's affordable housing tax credit, $25,000,000 for rural affordable housing rentals, and $20,000,000 for first-time homebuyers
-
Allocates $100,000,000 to create child care partnerships with public schools (for children up to age 4) and private industry, both requiring 100% matching funds
-
Allocates $75,000,000 for expanding public water and sewer infrastructure in residential zones, requiring a 50% local match
-
Requires voter approval through a statewide referendum in November, and bonds must be issued within 5 years of ratification or they are deauthorized
Legislative Description
An Act to Authorize a General Fund Bond Issue to Secure Prosperity for Maine Families and Businesses
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