Sec. A-7. P&SL 1985, c. 107, Pt. B, §7, as amended by P&SL 1999, c. 27, §5 and affected by §9, is repealed.

Sec. A-8. P&SL 1985, c. 107, Pt. B, §8, as amended by P&SL 1999, c. 27, §6 and affected by §9, is repealed.

Sec. A-9. P&SL 1985, c. 107, Pt. B, §§10, 11 and 12 are repealed.

Sec. A-10. P&SL 1985, c. 107, Pt. B, §§12-A and 12-B are enacted to read:

Sec.* 12-A.__Refinancing authorized.__For the purpose of financing certain capital improvements to the district's water system, the board of trustees of the district, without a district vote or the provision of notice to the voters or ratepayers of the district or the holding of a special district meeting for the purpose of collecting testimony from the public concerning the purpose and amount of debt authorized, may issue and sell to the Maine Municipal Bond Bank revenue bonds or notes of the district for the purpose of refinancing certain revenue bonds dated June 28, 1988, in the aggregate principal amount of $2,115,500, that were issued to the United States of America acting through the Farmers Home Administration.__The bonds authorized by this Act are payable over a term not to exceed the term remaining on the bonds dated June 28, 1988 and must be signed by the treasurer of the Dover and Foxcroft Water District and countersigned by the chair of the district board of trustees.__The district may sell the bonds authorized by this Act to the Maine Municipal Bond Bank upon such terms and conditions as the board of trustees of the district and the Maine Municipal Bond Bank may approve.

Sec.* 12-B.__Issuance of debt; debt limit.__In addition to the authority granted under section 12-A, the district may issue debt in accordance with Title 35-A, chapter 64.__The board of trustees may not issue any bond, note or other evidence of indebtedness payable within a period of more than 12 months after the date of issuance, excluding debt authorized under section 12-A, unless the total amount of such debt issued by the board is no more than $1,500,000.

The district may amend the debt limit established in this section in accordance with the provisions of the Maine Revised Statutes, Title 35-A, section 6413.