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MaineLD 1913132nd Maine Legislature (2025-2026)HouseWALLET

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

MUNICIPALITIESMUNICIPALITIES - BONDING AUTHORITY

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Matinicus can borrow to fix power plant

The law lets Matinicus Isle Plantation sell general obligation bonds to fund repairs, upgrades, and equipment for the island power plant. Payment schedules for principal and interest must follow Maine Public Utilities Commission rules. This gives the island access to money for urgent work and can improve power reliability and safety. The act takes effect when approved.

Matinicus taxes and electric rates can rise

After the plantation issues those bonds, it can use local taxes to cover up to 50% of yearly bond payments and up to 50% of current operating costs. The municipal officers can also sell revenue bonds, and they set, revise, and collect electric rates, fees, and other charges by regulation. They may appoint a bonded collector to take payments. Property taxpayers and power customers can see higher tax bills and electric bills as a result.

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

  1. Signed by Governor

    5/1/2026

  2. PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.

    6/2/2025Senate

  3. This 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.

    5/29/2025House

  4. Report 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.

    5/28/2025Senate

  5. CONSENT 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.

    5/27/2025House

  6. The House RECEDED and CONCURRED to REFERENCE to the Committee on ENERGY, UTILITIES AND TECHNOLOGY.ORDERED SENT FORTHWITH.

    5/7/2025House

  7. On 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

    5/7/2025Senate

  8. Committee 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

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