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MaineLD 678132nd Maine Legislature (2025-2026)SenateWALLET

An Act to Provide for the 2025 and 2026 Allocations of the State Ceiling on Private Activity Bonds

Sponsored By: Chip Curry (Democratic)

Signed by Governor

ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT - PRIVATE ACTIVITY BONDS

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 4 benefits, 0 costs, 1 mixed.

More bond cap for Finance Authority

The Finance Authority of Maine has $270 million of the 2025 bond cap. This includes $75 million that was unallocated. It also has $235 million for 2026. The Authority must use or reallocate these amounts under Title 10, section 363(6) and (8).

Housing bond cap for Maine State Housing

The Maine State Housing Authority has $100 million of the 2025 bond cap. It also has $100 million for 2026. The Authority must use or reallocate these amounts under Title 10, section 363(4).

Bond cap for Municipal Bond Bank

The Maine Municipal Bond Bank has $10 million of the 2025 bond cap. It also has $10 million for 2026. The Bank must use or reallocate these amounts under Title 10, section 363(7).

Bond cap for Treasurer of State

The Treasurer of State has $5 million of the 2025 bond cap. The Treasurer also gets $5 million for 2026. The Treasurer must use or reallocate these amounts under Title 10, section 363(5).

Some bond cap held for later

The law keeps $3.78 million of the 2025 bond cap unallocated for future use. It also keeps $38.78 million of the 2026 cap unallocated. These amounts are reserved for later allocation under law.

Sponsors & Cosponsors

Sponsor

  • Chip Curry

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor

    5/1/2026

  2. PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.

    4/23/2025Senate

  3. 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.

    4/22/2025House

  4. 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-13).In concurrence. ORDERED SENT FORTHWITH.

    4/17/2025House

  5. Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-13) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-13).Ordered sent down forthwith for concurrence.

    4/15/2025Senate

  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 February 20, 2025 and REFERRED to the Committee on HOUSING AND ECONOMIC DEVELOPMENT pursuant to Joint Rule 308.2

    2/20/2025Senate

Bill Text

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