LD 1856
pg. 1
LD 1856 Title Page An Act to Amend the Definition of "Governmental Unit" as It Relates to the Main... LD 1856 Title Page
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LR 3047
Item 1

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

 
Sec. 1. 30-A MRSA §5903, sub-§6, as enacted by PL 1987, c. 737, Pt. A,
§2 and Pt. C, §106 and amended by PL 1989, c. 6, c. 9, §2 and c.
104, Pt. C, §§8 and 10, is further amended to read:

 
6. Governmental unit. "Governmental unit" means any county,
municipality, School Administrative District, community school
district or other quasi-municipal corporation within the State,
including any corporation owned entirely by a municipality and
providing water, sewer or electric service or performing other
essential governmental functions.

 
SUMMARY

 
This bill amends the Maine Municipal Bond Bank Act by amending
the definition of "governmental unit" to include a municipally
owned corporation as an eligible borrower for electric, water and
sewer projects.


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