Authorizes Maine to issue $87,000,000 in revenue bonds for county jail upgrades to meet corrections needs.

This bill authorizes the Finance Authority of Maine to issue up to $87,000,000 in revenue bonds to upgrade county jails and holding facilities. The funds will be used to accommodate residents with substance use disorders, provide treatment and recovery services, and address potential funding shortfalls. The bonds, which must be repaid by June 30, 2036, will be financed equally by revenue from the contract for wholesale spirits operations and opioid settlement funds. The bonds are not considered a debt of the State or a pledge of the State's full faith and credit.

Authorizes Maine to issue $87,000,000 in revenue bonds for county jail upgrades to meet corrections needs.

This bill authorizes the Finance Authority of Maine to issue up to $87,000,000 in revenue bonds to upgrade county jails and holding facilities. The funds will be used to accommodate residents with substance use disorders, provide treatment and recovery services, and address potential funding shortfalls. The bonds, which must be repaid by June 30, 2036, will be financed equally by revenue from the contract for wholesale spirits operations and opioid settlement funds. The bonds are not considered a debt of the State or a pledge of the State's full faith and credit.