This bill removes the debt limit for the Boothbay Region Water District.
The bill amends the Boothbay Region Water District's borrowing authority, removing the previous debt limit. It allows the district to borrow money for various purposes, including acquisition, renovation, and improvements to water systems. The district can propose a new debt limit through a referendum, which must be approved by a majority of voters. The district bears the costs of these referenda. The total indebtedness cannot exceed the amount approved by referendum.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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