Maine LD 564: An Act To Establish Appropriate Parameters for County Borrowing Authority

LD 564 (subjects: COUNTY GOVERNMENT , BONDING AUTHORITY )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=564&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Rep. Chuck Kruger of Thomaston: (D – District 92) — e-mail | Twitter | Facebook

8 Cosponsors:

Actions

Chamber

Action
2/26/2015 House Committee on State and Local Government suggested and ordered printed.
The Bill was REFERRED to the Committee on STATE AND LOCAL GOVERNMENT.
Sent for concurrence. ORDERED SENT FORTHWITH.
2/26/2015 Senate On motion by Senator Willette of Aroostook, REFERRED to the Committee on State and Local Government, in concurrence.
5/12/2015 House Reports READ.
On motion of Representative MARTIN of Sinclair, the Majority Ought Not to Pass Report was ACCEPTED.
Sent for concurrence. ORDERED SENT FORTHWITH.
5/13/2015 Senate Reports READ.
On motion by Senator WHITTEMORE of Somerset the Majority Ought Not to Pass Report ACCEPTED, in concurrence.
Placed in the Legislative Files (DEAD).

Bill Text

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An Act To Establish Appropriate Parameters for County Borrowing Authority

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

Sec. 1. 30-A MRSA 934, as amended by PL 2009, c. 517, 14, is further amended to read:

934. Loans

The county commissioners may obtain loans of money for the use of their county and cause notes, obligations or bonds, with coupons for lawful interest, to be issued for payment of the loans. These loans may not exceed $10,000 one ten-thousandth of the county’s total property valuation, except in Franklin County and Aroostook County as provided in sections section 935 and 935-A and except to the extent authorized pursuant to Title 10, chapter 110, without first obtaining the consent of the county, substantially as provided in section 122 or by countywide referendum pursuant to section 938.

Sec. 2. 30-A MRSA 935-A, as enacted by PL 1991, c. 778, 2, is repealed.

SUMMARY

This bill provides that a county may obtain loans up to one ten-thousandth of the county???s total property valuation instead of being limited to $10,000. It repeals the exception for Aroostook County whereby Aroostook County is allowed to obtain loans up to $95,000, but loans over $10,000 are limited to the purpose of building, rebuilding, altering or improving county-owned real estate and personal property in that real estate.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 564 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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