ME LD678

Allocates Maine's state ceiling on private activity bonds for calendar years 2025 and 2026 among four entities: Treasurer of State ($5 million each year), Finance Authority of Maine ($270 million in 2025, $235 million in 2026), Maine Municipal Bond Bank ($10 million each year), and Maine State Housing Authority ($100 million each year)

Adds $75 million in previously unallocated 2025 ceiling to the Finance Authority of Maine for educational loans and economic development financing

Reserves $3.78 million of the 2025 ceiling and $38.78 million of the 2026 ceiling as unallocated for future distribution

Enacted as emergency legislation effective immediately upon approval (April 25, 2025) to prevent delays in bond issuance that could result in unfavorable rates or unavailable financing for projects

Continues existing allocations under Title 10, section 363 while providing new allocations needed for certain private activity bonds requiring immediate authorization