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131st MAINE LEGISLATURE |
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LD 2209 |
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LR 3072(01) |
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An Act to
Increase the Cap on Bonds Issued by the Maine State Housing Authority to
Reflect Current Housing Production Needs in the State |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. GERE of Kennebunkport |
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Committee: Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Increases moral obligation of the State |
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| Fiscal Detail
and Notes |
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Increasing the
amount of bonds that the Maine State Housing Authority may issue in a certain
category from $2.15 billion to $3.0 billion, or $850.0 million, will increase
the moral obligation of the State and may increase the exposure of the
General Fund to future debt service appropriation requirements in the event
of significant default activity. |
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