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MaineLD 1182132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Grant the Rockland Port District an Increase in Its Borrowing Capacity and Include Sustainable Aquaculture and Marine Industries in Its Charter

Sponsored By: Valli Geiger (Democratic)

Signed by Governor

MUNICIPALITIESMUNICIPALITIES - BONDING AUTHORITY

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Limits on Rockland port eminent domain

Beginning April 25, 2025, the Rockland Port District cannot take city property or public-service facilities by eminent domain. It can do so only if the Legislature later passes a law that clearly allows it.

Rockland port can borrow up to $6M

Beginning April 25, 2025, the district can owe up to $6,000,000 at one time, up from $600,000. For bonds, it must retire at least 7.5% of each issue each year after the first two years, or set aside at least 7.5% in a sinking fund. Bonds and notes can pay interest twice a year and can be callable. The treasurer must sign, and the president must countersign, all notes and bonds.

Rockland port adds aquaculture, tax-free facilities

Beginning April 25, 2025, the Rockland Port District supports sustainable aquaculture and other marine industries. It also continues to run docks and wharves for passenger and freight service. The district can buy, lease, or take land and waterfront property it needs for these uses. Property the district holds for these uses is not taxed. The city of Rockland can sell or give such property to the district and can transfer money it raises for these projects.

Sponsors & Cosponsors

Sponsor

  • Valli Geiger

    Democratic • House

Cosponsors

  • Pinny H. Beebe-Center

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    4/23/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    4/22/2025House

  4. Report READ and ACCEPTED, in concurrence.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED, in concurrence.Ordered sent down forthwith.

    4/17/2025Senate

  5. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.Sent for concurrence. ORDERED SENT FORTHWITH.

    4/17/2025House

  6. Carried over, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025House

  7. The Bill was REFERRED to the Committee on TRANSPORTATION in concurrence

    3/20/2025Senate

  8. Committee on Transportation suggested and ordered printed. The Bill was REFERRED to the Committee on TRANSPORTATION.Sent for concurrence. ORDERED SENT FORTHWITH.

    3/20/2025House

Bill Text

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