| | | Emergency preamble. Whereas, Acts of the Legislature do not become | | effective until 90 days after adjournment unless enacted as | | emergencies; and |
|
| | | Whereas, the Maine Revised Statutes, Title 10, section 363 and | | Private and Special Law 2003, chapter 17 make a partial | | allocation of the state ceiling on private activity bonds to some | | issuers for calendar year 2004 but leave a portion of the state | | ceiling unallocated and do not provide sufficient allocations for | | certain types of private activity bonds that may require an | | allocation prior to the effective date of this Act if not enacted | | on an emergency basis; and |
|
| | | Whereas, if these bond issues are delayed due to lack of | | available state ceiling, the rates and terms under which these | | bonds may be issued may be adversely affected, resulting in | | increased costs to beneficiaries or even unavailability of | | financing for certain projects; and |
|
| | | 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 enacted by the People of the State of Maine as follows: |
|
| | | Sec. 1. Allocation to Treasurer of State. No portion of the state ceiling | | for calendar year 2004 was previously allocated to the Treasurer | | of State. No portion of the state ceiling for calendar year 2005 | | is allocated to the Treasurer of State. |
|
| | | Sec. 2. Allocation to Finance Authority of Maine. The $30,000,000 of the | | state ceiling for calendar year 2004 previously allocated to the | | Finance Authority of Maine remains allocated to the Finance | | Authority of Maine to be used or reallocated in accordance with | | the Maine Revised Statutes, Title 10, section 363, subsection 6 | | for calendar year 2004. Thirty million dollars of the state | | ceiling for calendar year 2005 is allocated to the Finance | | Authority of Maine to be used or reallocated in accordance with | | Title 10, section 363, subsection 6. |
|
| | | Sec. 3. Allocation to Maine Municipal Bond Bank. The $10,000,000 of the | | state ceiling for calendar year 2004 previously allocated to the | | Maine Municipal Bond Bank remains allocated to the Maine | | Municipal Bond Bank to be used or reallocated in accordance with | | the Maine Revised Statutes, Title 10, section 363, subsection 7 | | for calendar year 2004. Ten million dollars of the state ceiling |
|
|
