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MaineLD 481132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Allow a Water District Created by Special Act of the Legislature to Borrow Money and Issue a Warrant Prior to a Default

Sponsored By: Matthew Beck (Democratic)

Signed by Governor

WATER DISTRICTSWATER DISTRICTS - BONDING

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Bill Overview

Analyzed Economic Effects

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

Water districts can borrow; towns charged

The law lets a water district created by a special act borrow money before any default. The district may do this only when it decides that expected water-bill revenue from now to the end of the current fiscal year will not cover its operating costs for that same period. When making this call, it must count all cash on hand and all required spending, including any amount needed to refill a debt reserve fund. It may borrow only enough to cover principal, interest, and borrowing costs. The board may immediately issue a warrant to the parts of the town or towns in the district to repay the loan plus interest, which can lead to municipal assessments. Within 30 days after issuing a warrant, the district must send a financial management plan to the commission and each town; the commission must allow town input and may start a review. This authority applies only if the district’s towns already approved it under prior law or they obtain approval through the law’s approval process.

Sponsors & Cosponsors

Sponsor

  • Matthew Beck

    Democratic • House

Cosponsors

  • Christopher Kessler

    Democratic • House

  • Matt A. Harrington

    Republican • Senate

  • Michelle Boyer

    Democratic • House

  • Nathan Wadsworth

    Republican • House

  • Rolf Olsen

    Republican • House

  • Sophia Warren

    Democratic • House

  • Stacy F. Brenner

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor, ACTPUB Chapter 23

    4/11/2025

  2. PASSED TO BE ENACTED, in concurrence.

    4/8/2025Senate

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

    4/1/2025House

  4. Report READ and ACCEPTED, in concurrence.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED, in concurrence.Ordered sent down forthwith.

    3/27/2025Senate

  5. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.Sent for concurrence. ORDERED SENT FORTHWITH.

    3/25/2025House

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

    3/21/2025House

  7. Received by the Clerk of the House on February 6, 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.

    2/6/2025House

Bill Text

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