Maine LD 51: An Act To Eliminate the Bonding Authority of the Maine Governmental Facilities Authority

LD 51 (subjects: STATE FINANCES , BONDED DEBT )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=51&PID=1456&snum=127

Sponsors | Actions | Bill Text | Patterns of Support

Actions

	Chamber	Action
1/14/2015	House	Committee on Appropriations and Financial Affairs suggested and ordered printed. The Bill was REFERRED to the Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS. Sent for concurrence. ORDERED SENT FORTHWITH.
1/20/2015	Senate	On motion by Senator HAMPER of Oxford Tabled until Later in Today’s Session, pending REFERENCE Unfinished Business
1/22/2015	Senate	(Unfinished Business)
1/29/2015	Senate	Unfinished Business
2/3/2015	Senate	(Unfinished Business)
2/5/2015	Senate	Unfinished Business
2/10/2015	Senate	Taken from the table by the President On motion by Senator Hamper of Oxford REFERRED to Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS , in concurrence.
6/22/2015	House	Reports READ. On motion of Representative ROTUNDO of Lewiston, the Majority Ought Not to Pass Report was ACCEPTED. Sent for concurrence. ORDERED SENT FORTHWITH.
6/22/2015	Senate	Reports READ. On motion by Senator HAMPER of Oxford the Majority Ought Not to Pass Report ACCEPTED, in concurrence. Placed in the Legislative Files (DEAD).

Bill Text

An Act To Eliminate the Bonding Authority of the Maine Governmental Facilities Authority

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 4 MRSA 1604, sub- 10, as enacted by PL 1987, c. 438, 1, is amended to read:

10. Provide for financing or refinancing. To provide financing for any project, projects or part of any project or to provide for refinancing of existing indebtedness, and, for the financing of the project, projects or part of any project and of other necessary and usual attendant facilities, to borrow money and to issue negotiable securities and to provide for the rights of the holders of those securities issued by the authority prior to October 1, 2015. Beginning October 1, 2015, the authority may not issue a bond or negotiable security;

summary

This bill removes the Maine Governmental Facilities Authority???s ability to issue bonds or negotiable securities beginning October 1, 2015.

Patterns of Support

Pattern of Cosponsorship by Region:

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Pattern of Cosponsorship by Campaign Finance Classification:

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This information about LD 51 was last updated on 2016-05-12.
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