Authorizes a $50,000,000 bond issue to fund mass timber manufacturing in Maine.
This bill authorizes the issuance of $50,000,000 in bonds to finance the design, construction, or retrofitting of a manufacturing facility for mass timber in Maine. Mass timber involves large, engineered wood panels and includes products like cross-laminated timber. The proceeds must be used for this purpose and are subject to voter approval in a statewide election. If approved, the bonds will be issued under the direction of the Governor and managed by the Treasurer of State.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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