APPROVED CHAPTER
APRIL 9, 2024 21
BY GOVERNOR P & S LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FOUR
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S.P. 964 - L.D. 2242
An Act to Set a Debt Limit for the Anson and Madison Water District
Emergency preamble. Whereas, acts and resolves of the Legislature do not
become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the Anson and Madison Water District's water main replacement project is
under way and the district is paying invoices using a temporary loan; and
Whereas, the temporary financing can be converted to permanent financing only if
the district's charter contains a debt limit sufficient to cover the district's debt; and
Whereas, the district is facing an untenable situation as its loan balance increases
without having the certainty that its interim financing can be converted to permanent
financing and this situation must be ameliorated as soon as possible; and
Whereas, in the judgment of the Legislature, these facts create an emergency within
the meaning of the Constitution of Maine and require the following legislation as
immediately necessary for the preservation of the public peace, health and safety; now,
therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. P&SL 2011, c. 6, §2, sub-§1 is enacted to read:
1. District debt limit. Notwithstanding any provision of the Maine Revised Statutes,
Title 35-A, chapter 64 to the contrary, the trustees may issue bonds, notes or other
evidences of indebtedness payable within a period of more than 12 months after the date
of issuance up to a total amount of $20,000,000.
Emergency clause. In view of the emergency cited in the preamble, this legislation
takes effect when approved.
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