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

Sec. 1. Authority to issue and sell temporary notes. Resolved: That, notwithstanding the Maine Revised Statutes, Title 30-A, section 5772 or any other provision of law, the City of Gardiner may issue and sell its temporary general obligation bond anticipation notes in a principal amount not to exceed $1,507,000 for an additional 2 years for the purpose of refinancing certain outstanding temporary notes originally issued in August 2002 and to finance additional costs of the wastewater project for the City of Gardiner. The 3-year limitation regarding temporary or anticipatory borrowing contained in section 5772 is extended to 5 years for the City of Gardiner wastewater project for notes that may be issued in the principal amount of $1,507,000 as authorized by the City Council of the City of Gardiner.

Emergency clause. In view of the emergency cited in the preamble, this resolve takes effect when approved.