LD 429
pg. 1
LD 429 Title Page An Act to Require Voter Approval for Bonded Indebtedness of $2,000,000 or More ... Page 2 of 2
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LR 440
Item 1

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

 
Sec. 1. 30-A MRSA §2203, sub-§9 is enacted to read:

 
9.__Voter approval for bonded indebtedness.__The
administrator, separate legal or administrative agency or other
governing body of any interlocal entity formed under this chapter
may not create any debt or liability on behalf of member
municipalities that singly, or in the aggregate with any debt and
liability incurred after the effective date of this subsection,
at any one time exceeds $2,000,000, except when ratified by a
majority of the electors within all member municipalities voting
in a referendum.__The referendum may be held at a general
election or the member municipalities may call a special election
for this purpose.

 
Sec. 2. 30-A MRSA §2316, sub-§3-A is enacted to read:

 
3-A.__Voter approval for bonded indebtedness.__The council may
not create any debt or liability on behalf of member
municipalities that singly, or in the aggregate with any debt and
liability incurred after the effective date of this subsection,
at any one time exceeds $2,000,000, except when ratified by a
majority of the electors within all member municipalities voting
in a referendum.__The referendum may be held at a general
election or the member municipalities may call a special election
for this purpose.

 
Sec. 3. 38 MRSA §1304-B, sub-§5-B is enacted to read:

 
5-B.__Voter approval for bonded indebtedness.__A regional
association formed under this chapter may not create any debt or
liability on behalf of member municipalities that singly, or in
the aggregate with any debt and liability incurred after the
effective date of this subsection, at any one time exceeds
$2,000,000, except when ratified by a majority of the electors
within all member municipalities voting in a referendum.__The
referendum may be held at a general election or the member
municipalities may call a special election for this purpose.

 
Sec. 4. 38 MRSA §1751, sub-§1, as amended by PL 1989, c. 6, c. 9, §2
and c. 104, Pt. C, §§8 and 10, is further amended by amending the
first paragraph to read:

 
1. Authorization of bonds that equal less than $2,000,000.
Subject to the limitations in subsection 10 and sections 1754 and
1755, any district formed under this chapter may provide by
resolution of its board of directors, without district vote, for
the borrowing of money and the issuance from time to time of


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