PRIA Logo™
MaineLD 242132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Extend the Maximum Time Period for Certain School Construction Bonds

Sponsored By: Teresa S. Pierce (Democratic)

Became Law

SCHOOL FACILITIESSCHOOL FACILITIES - CONSTRUCTION

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

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

School construction bonds can run 30 years

Beginning June 9, 2025, Maine lets certain school construction bonds last up to 30 years. The 30-year cap covers the total time for both the long-term bond and any temporary notes it replaces (up from 25 years). This applies only when bond money is used, even in part, to pay temporary notes or renewals. School districts can spread payments over more years, which can lower yearly debt costs. Repayment also lasts longer, pushing some costs into later years for taxpayers.

Sponsors & Cosponsors

Sponsor

  • Teresa S. Pierce

    Democratic • Senate

Cosponsors

  • Anne Graham

    Democratic • House

  • Christina Mitchell

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 197

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    6/2/2025Senate

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

    6/2/2025House

  4. Reports READ.On motion of Representative MURPHY of Scarborough, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (S-154) was READ and ADOPTED.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-154). In concurrence. ORDERED SENT FORTHWITH.

    5/29/2025House

  5. Reports READ On motion by Senator RAFFERTY of York The Majority Ought to Pass As Amended Report ACCEPTED. Bill READ ONCE Committee Amendment "A" (S-154) READ and ADOPTED. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-154) Sent down for concurrence

    5/28/2025Senate

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

    3/21/2025Senate

  7. Received by the Secretary of the Senate on January 16, 2025 and REFERRED to the Committee on EDUCATION AND CULTURAL AFFAIRS pursuant to Joint Rule 308.2

    1/16/2025Senate

Bill Text

Related Bills

Back to State Legislation