Maine LD1013 mandates a referendum for municipal bonds of $10 million or more.
Maine LD1013 requires municipalities to hold a referendum for voter approval on bonds amounting to $10 million or more. The referendum must occur on the first Tuesday in November, following procedures outlined in sections 2354 and Title 21-A. This bill aims to protect taxpayers by ensuring significant municipal debt is subject to public approval.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.