# Maine LD 242: An Act to Extend the Maximum Time Period for Certain School Construction Bonds Maine LD 242, An Act to Extend the Maximum Time Period for Certain School Construction Bonds, is a 132nd Maine Legislature (2025-2026) Senate bill sponsored by Teresa S. Pierce (Democratic); status signed, last action 2025-06-09 (Signed by Governor, ACTPUB Chapter 197); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/ME-LD242-132 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maine LD 242 - State: Maine - Session: 132nd Maine Legislature (2025-2026) - Title: An Act to Extend the Maximum Time Period for Certain School Construction Bonds - Status: signed - Chamber: Senate - Introduced: 2025-01-16 - Last action: 2025-06-09, Signed by Governor, ACTPUB Chapter 197 - Sponsor: Teresa S. Pierce (Democratic) - Cosponsors: 2 - Subjects: SCHOOL FACILITIES, SCHOOL FACILITIES - CONSTRUCTION - Touches household money: yes - Economic provisions PRIA read: 1 ## Summary No summary available. ## Bill overview: provisions PRIA read - School districts can stretch bonds to 30 years: mixed, low. The law extends the maximum term for certain school construction financing from 25 to 30 years. It applies when bond money is used to pay temporary notes or renewals. The combined period is the time the bonds are outstanding plus the note loan period. Districts can choose a longer payoff, which can… ## Sponsors and cosponsors - Sponsor: Teresa S. Pierce (Democratic), Senate - Cosponsor: Anne Graham (Democratic), House - Cosponsor: Christina Mitchell (Democratic), House ## Actions (7) - 2025-06-09: Signed by Governor, ACTPUB Chapter 197 - 2025-06-02: PASSED TO BE ENACTED, in concurrence. (Senate) - 2025-06-02: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2025-05-29: 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. (House) - 2025-05-28: 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 (Senate) - 2025-03-21: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519. (Senate) - 2025-01-16: 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 (Senate) ## Bill text - Amendment C-A (S-154), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=2&snum=132) - Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=3&snum=132) - Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=1&snum=132) ## Related bills - LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed) - LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed) - LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed) - LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed) - LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed) - LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed) ## Sources - [Amendment C-A (S-154), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=2&snum=132) - [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=3&snum=132) - [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0108&item=1&snum=132) ## Related - [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132) - [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132) - [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132) - [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132) - [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132) - [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132) - [Maine bills](https://policyrisk.com/states/maine/bills) - [Maine state hub](https://policyrisk.com/states/maine) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/ME-LD242-132 (as of 2026-10-17).