An Act to Allow Matinicus Isle Plantation to Issue a Revenue Bond for Urgently Needed Repairs to the Plantation's Electric Power Generating Facility
Sponsored By: Valli Geiger (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Local taxes can pay bond debt
Beginning June 9, 2025, after the plantation issues general obligation bonds, it can raise and appropriate taxes to pay principal and interest. The law removes the prior 50% cap tied to operating costs. This can raise local tax bills for homeowners and renters on Matinicus.
Matinicus can sell bonds, change power rates
Beginning June 9, 2025, the plantation can issue general obligation and revenue bonds to fix its electric plant. Local officers can set and collect rates, fees, and other charges for power service. They can appoint a collector and require that person to be bonded under state law. Bond repayment no longer has to follow state utility commission schedules. This helps fund urgent repairs, but electricity bills could change for homes and local businesses.
Sponsors & Cosponsors
Sponsor
Valli Geiger
Democratic • House
Cosponsors
Ann Matlack
Democratic • House
Pinny H. Beebe-Center
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor, ACTPS Chapter 7
6/9/2025PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.
6/2/2025SenateThis being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.PASSED TO BE ENACTED.Sent for concurrence. ORDERED SENT FORTHWITH.
5/29/2025HouseReport READ and ACCEPTED, in concurrence.READ ONCE.Committee Amendment "A" (H-280) READ and ADOPTED, in concurrence.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-280), in concurrence.Ordered sent down forthwith.
5/28/2025SenateCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-280).Sent for concurrence. ORDERED SENT FORTHWITH.
5/27/2025HouseThe House RECEDED and CONCURRED to REFERENCE to the Committee on ENERGY, UTILITIES AND TECHNOLOGY.ORDERED SENT FORTHWITH.
5/7/2025HouseOn motion by Senator GROHOSKI of Hancock The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY In NON-CONCURRENCE Sent down for concurrence
5/7/2025SenateCommittee on ENERGY, UTILITIES AND TECHNOLOGY suggested and ordered printed. On motion of Representative KESSLER of South Portland, the Bill was REFERRED to the Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS.Sent for concurrence. ORDERED SENT FORTHWITH.
5/6/2025House
Bill Text
Amendment C-A (H-280), adopted by House & Senate
Enacted
Introduced
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