LD 2186
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LD 2186 Title Page An Act to Authorize York County to Hold Bond Referenda for New County Facilitie... Page 2 of 5
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LR 2931
Item 1

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

 
PART A

 
Sec. A-1. To raise money for construction of jail facility for York County. The
county commissioners of York County are authorized to raise and
expend a sum not to exceed $20,000,000 for construction of a
county jail facility located in York County.

 
Sec. A-2. Aid from other sources. The county commissioners of York
County are authorized to borrow any portion of the sums
authorized by this Part from or through any agency or department
of the State and the Federal Government. The county
commissioners are authorized to receive grants of money and other
assistance from or through any agency or department of the State
and the Federal Government for any of the purposes authorized in
this Part.

 
Sec. A-3. Bonds. To provide funds for the county jail facility,
the treasurer of York County, with the approval of the county
commissioners, may borrow upon the full faith and credit of the
county such sums as necessary, not exceeding in the aggregate
$20,000,000, and may issue bonds for those sums that must bear on
their face the words "York County Capital Improvement Bonds Act
of 1999, Part A." Each authorized issue is payable in such
annual installments, beginning not more than 2 years from the
date of authorization and not earlier than the year 2001, as will
extinguish each loan in not more than 20 years from its date.
The bonds must be signed by the treasurer of the county and
countersigned by the majority of the county commissioners. The
county may sell the securities at public or private sale upon
such terms and conditions as the county commissioners may
determine proper but at not less than par and accrued interest.

 
Sec. A-4. Temporary notes. The county treasurer, with the approval
of the county commissioners, may issue temporary notes of the
county payable not more than one year from their dates in
anticipation of the issue of bonds under this Part and may renew
those notes, but the time within which the bonds become due and
payable may not by reason of such temporary notes be extended
beyond the term fixed by this Part. Any notes issued in
anticipation of the bonds must be paid from the proceeds of the
bonds.

 
Sec. A-5. Bonds authorized but not issued. Any bonds authorized but not
issued, or for which bond anticipation notes have not been issued
within 5 years of the ratification of this Part, are deauthorized
and may not be issued, provided that the Legislature may, within
2 years after the expiration of that 5-year period, extend the
period for issuing any remaining unissued bonds or bond
anticipation notes for an additional amount of time not to exceed
5 years.


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