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MaineLD 2156132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Provide for the 2026 and 2027 Allocations of the State Ceiling on Private Activity Bonds

Sponsored By: Glenn Curry

Signed by Governor

ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT - PRIVATE ACTIVITY BONDS

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Bill Overview

Analyzed Economic Effects

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

Maine Finance Authority gains bond capacity

The Finance Authority of Maine keeps $235 million in private activity bond capacity for 2026 and gets $100 million more. That extra amount includes $47.625 million previously unassigned and $52.375 million transferred from the Maine State Housing Authority. Its total is $335 million for 2026 and $125 million for 2027. These amounts include its role as successor to the Maine Educational Loan Authority. Use or reassignment must follow Maine law, Title 10, section 363(6) and (8). This is financing capacity, not state spending or guaranteed household loans or benefits.

Maine housing bond capacity shifts

The Maine State Housing Authority’s 2026 private activity bond allocation falls from $100 million to $47.625 million. The law transfers the remaining $52.375 million to the Finance Authority of Maine for 2026. The Housing Authority gets $250 million in bond capacity for 2027. Its use or reassignment of capacity must follow Maine law, Title 10, section 363(4). These limits allow financing; they are not state spending or guaranteed housing help for households.

Maine preserves state and municipal bond capacity

The Treasurer keeps $5 million in private activity bond capacity for 2026 and gets $5 million for 2027. The Maine Municipal Bond Bank keeps $10 million for 2026 and gets $10 million for 2027. Use or reassignment must follow Maine law, Title 10, section 363(5) for the Treasurer and 363(7) for the Bank. No 2026 capacity remains unassigned; $7.625 million for 2027 must be reserved for future allocation under applicable law. These are financing limits, not state spending or direct household payments.

Sponsors & Cosponsors

Sponsor

  • Glenn Curry

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 36 • No: 28

Senate vote • 3/17/2026

ENACTMENT-EMERGENCY

Yes: 19 • No: 14

Senate vote • 2/24/2026

ACCEPT REPORT

Yes: 17 • No: 14

Actions Timeline

  1. Signed by Governor, ACTPS Chapter 19

    4/3/2026

  2. PASSED TO BE ENACTED, in concurrence.

    3/25/2026Senate

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

    3/24/2026House

  4. On motion by Senator PIERCE of Cumberland the Senate RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-510) as Amended by House Amendment "B" (H-864) thereto. Ordered sent down forthwith.

    3/19/2026Senate

  5. On motion of Speaker FECTEAU of Biddeford, the House RECEDED.On motion of Representative COLLAMORE of Pittsfield, House Amendment "B" (H-864) to Committee Amendment "A" (S-510) was READ and ADOPTED.Committee Amendment "A" (S-510) as Amended by House Amendment "B" (H-864) thereto was ADOPTED. Subsequently, the Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-510) as Amended by House Amendment "B" (H-864) thereto.In NON-CONCURRENCE and sent for concurrence.ORDERED SENT FORTHWITH.

    3/18/2026House

  6. Taken from the table by the President Subsequently, PASSAGE TO BE ENACTED - Emergency -2/3 Elected Required FAILED in NON-CONCURRENCE Roll Call Ordered Roll Call Number 770 Yeas 19 - Nays 14 - Excused 2 - Absent 0 Sent down for concurrence.

    3/17/2026Senate

  7. Unfinished Business

    3/12/2026Senate

  8. On motion by Senator PIERCE of Cumberland Tabled until Later in Today's Session, pending PASSAGE TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence. Roll Call Ordered Unfinished Business

    3/10/2026Senate

  9. 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.

    3/5/2026House

  10. 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" (S-510).In concurrence. ORDERED SENT FORTHWITH.

    3/3/2026House

  11. COMMITTEE 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" (S-510)Ordered sent down forthwith for concurrence.

    2/26/2026Senate

  12. Report READ. ACCEPTANCE of the OUGHT TO PASS AS AMENDED BY COMMITTEE AMENDMENT "A" (S-510) Report PREVAILED Roll Call Ordered Roll Call Number 723 Yeas 17 - Nays 14 - Excused 4 - Absent 0 Bill READ ONCE Committee Amendment "A" (S-510) READ and ADOPTED. ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.

    2/24/2026Senate

  13. The Bill was REFERRED to the Committee on HOUSING AND ECONOMIC DEVELOPMENT.In concurrence. ORDERED SENT FORTHWITH.

    1/7/2026House

  14. Committee on HOUSING AND ECONOMIC DEVELOPMENT suggested and ordered printed REFERENCE to the Committee on HOUSING AND ECONOMIC DEVELOPMENT Ordered sent down forthwith for concurrence

    1/7/2026Senate

Bill Text

  • Amendment C-A (S-510), adopted by House & Senate

    PDF

  • Amendment H-B to C-A (H-864), adopted by House & Senate

    PDF

  • Enacted

    PDF

  • Introduced

    PDF

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