Maine Code § 3-523

Reports of agencies to the Legislature
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No later than 6 months prior to the date that bonds approved by the electorate become deauthorized
pursuant to the Constitution of Maine, Article IX, Section 14, the department or agency of State
Government which has use of the bond proceeds shall report out, to the joint standing committee of the
Legislature having jurisdiction over the subject matter of the bonds, a resolve to approve the issue of
the authorized but unissued bonds. In addition, this agency or department shall provide the following
information: [PL 1983, c. 737, §§ 1, 2 (NEW).]
1. Total bond issue authorized. The total amount of bonds and the date the bonds were approved
by the electorate;
[PL 1983, c. 737, §§ 1, 2 (NEW).]
2. Total bonds issued. The total amount of bonds issued, if any, as of the reporting date;
[PL 1983, c. 737, §§ 1, 2 (NEW).]
3. Use of bond proceeds. The use of the proceeds of the issued bonds, if any;
[PL 1983, c. 737, §§ 1, 2 (NEW).]
4. Planned use of unissued bonds. The planned use, amount and expected date of issue of the
authorized but unissued bonds;
[PL 1983, c. 737, §§ 1, 2 (NEW).]
5. Effect of deauthorization. The effects of deauthorization of the unissued bonds; and
[PL 1983, c. 737, §§ 1, 2 (NEW).]
6. Any other significant information. Any other information deemed significant by the reporting
agency or department for the decision of the Legislature.
[PL 1983, c. 737, §§ 1, 2 (NEW).]

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