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bonds and notes that equal less than $2,000,000 for any of its | | corporate purposes, including, but not limited to: |
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| | | Sec. 5. 38 MRSA §1751, sub-§1-A is enacted to read: |
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| | | 1-A.__Voter approval for bonds equal to or greater than | | $2,000,000.__For the purposes outlined in subsection 1, paragraph | | A to F, a district 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. |
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| | | This bill prohibits interlocal cooperations, councils of | | governments and regional associations from incurring bonded | | indebtedness of $2,000,000 or more without ratification by the | | voters of the affected municipalities through a municipal-level | | referendum. |
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