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132nd MAINE LEGISLATURE |
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LD 2127 |
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LR 2895(03) |
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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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Fiscal Note for
Bill as Engrossed with:
C "A" (S-501) |
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Committee: Housing and Economic Development |
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| Fiscal Note |
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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 $3.0 billion to $4.0 billion, or $1.0 billion, 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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