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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)

Became Law

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 must repay

The law lets a water district created by special act borrow before it misses payments. It may do this only if it reasonably finds that expected revenues from normal water charges from now through the end of the current fiscal year will not cover expected operating expenses for that same period. In that test, it must count all other cash or funds it holds as revenue and include all expected or obligated costs, including any duty to refill a reserve fund. The board can issue the district’s warrant at once to the towns in the district to repay the borrowed amount plus interest. Within 30 days after issuing a warrant, the district must send a financial plan to the Maine Public Utilities Commission and each town; the commission must allow town input and may open a review. These powers apply only where the towns have already approved this section or the earlier law, or after approval under subsection 6.

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. ACTPUB Chapter 23

    5/1/2026

  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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