PUBLIC Law, Chapter 188, An Act To Require the Treasurer of State To Publish All State Liabilities

An Act To Require the Treasurer of State To Publish All State Liabilities

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 5 MRSA §155 is enacted to read:

§ 155. State liabilities

By July 31st of each year, the Treasurer of State shall publish on the publicly accessible portion of the treasurer's website the latest information available regarding all liabilities of the State as of June 30th of that same year. For purposes of this section, "liabilities of the State" includes all state debts, loans, bonds, unfunded liabilities and promises to pay, including issued and unissued bonds, pension liabilities, promises to provide health insurance in future years, Maine Governmental Facilities Authority bonds and any other debt or obligation that the State has guaranteed or promised to pay. "Liabilities of the State" does not include state contracts for goods and services or vendor information.

Effective 90 days following adjournment of the 125th Legislature, First Regular Session, unless otherwise indicated.

SP0258 LD 854	PUBLIC Law, Chapter 188 Signed on 2011-06-01 00:00:00.0 - First Regular Session - 125th Maine Legislature
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