APPROVED CHAPTER
MARCH 21, 2024 559
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FOUR
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H.P. 1416 - L.D. 2209
An Act to Increase the Cap on Bonds Issued by the Maine State Housing
Authority to Reflect Current Housing Production Needs in the State
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §4907, sub-§1, as amended by PL 2001, c. 631, §1, is further
amended to read:
1. Limitations on amount of outstanding principal. The Maine State Housing
Authority may not at any time have an aggregate principal amount outstanding, in excess
of $2,150,000,000 $3,000,000,000 of mortgage purchase bonds secured by the Housing
Reserve Fund or a Capital Reserve Fund to which section 4906, subsection 3, paragraph A
applies. Mortgage purchase bonds of the Maine State Housing Authority secured by capital
reserve funds to which section 4906, subsection 3, paragraph A does not apply, bond or
mortgage insurance, direct or indirect contract with the United States, purchase or
repurchase agreement of guaranty with a banking or other financial organization or other
credit arrangements securing the bonds may be issued up to $100,000,000 per calendar year
in an aggregate principal amount outstanding at any time not to exceed $300,000,000.
Page 1 - 131LR3072(03)


Statutes affected:
Bill Text LD 2209, HP 1416: 30-A.4907
Bill Text ACTPUB , Chapter 559: 30-A.4907