An Act to Increase the Debt Limit of the North Jay Water District
Sponsored By: Sheila Lyman (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
North Jay water district can borrow more
Beginning March 3, 2026, the North Jay Water District’s borrowing limit rises from $900,000 to $15 million. Its trustees can issue interest-bearing notes or bonds, but borrowing cannot exceed that ceiling. The district can establish a fund for authorized costs, including water sources, land, pipes, plant operations, improvements, and district setup. It can also renew or refinance existing lawful debt. Trustees set bond interest rates, terms, early repayment options, and repayment schedules, including lump-sum or installment payments. The law allows more borrowing; it does not require borrowing, provide state funding, or create a direct household payment.
Sponsors & Cosponsors
Sponsor
Sheila Lyman
Republican • House
Cosponsors
Joseph Martin
Republican • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor, ACTPS Chapter 11
3/3/2026PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.
2/26/2026SenateThis 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.
2/24/2026HouseCOMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY. REPORT ACCEPTED.READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-792), in concurrence.Ordered sent down forthwith.
2/12/2026SenateReport READ and ACCEPTED, in concurrence.Bill READ ONCE Committee Amendment "A" (H-792) READ and ADOPTEDASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.
2/10/2026SenateCONSENT 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-792).Sent for concurrence. ORDERED SENT FORTHWITH.
2/3/2026HouseReceived by the Clerk of the House on December 3, 2025.The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401.
12/3/2025House
Bill Text
Amendment C-A (H-792), adopted by House & Senate
Enacted
Introduced
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