Maine LD1913 allows Matinicus Isle Plantation to issue revenue bonds for urgent repairs to its electric power generating facility.
Maine LD1913 permits Matinicus Isle Plantation to issue revenue bonds to fund urgently needed repairs to its electric power generating facility. The legislation authorizes the plantation to issue bonds and set rates, fees, and charges for the facility's services. It also allows the appointment of a collector for these charges, who must be bonded. The bill includes an emergency clause, meaning it takes effect immediately upon approval to ensure the repairs are completed before the facility fails.
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.