This bill repeals the New Sharon Water District's charter and transfers its assets and liabilities to the Town of New Sharon.
This bill repeals the charter of the New Sharon Water District and directs the Town of New Sharon to take up the district's assets, liabilities, and responsibilities. The New Sharon Water District will transfer all physical and intangible assets, including water rights, dams, pipes, and contracts, to the Town of New Sharon. The Town of New Sharon will assume all existing debts, obligations, and liabilities of the district. The Town of New Sharon is authorized to issue notes or bonds to replace or refinance the district's existing debts and obligations.
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.