An Act Regarding The Supply Of Water To The Town Of New Sharon

LD 1346 transfers all assets and debts of the New Sharon Water District to the Town of New Sharon, including water infrastructure, contracts, and financial obligations. The town must assume all existing debts and obligations without payment, and the transfer requires voter approval through a referendum asking if residents support the town taking over water services. This bill directly affects the New Sharon Water District (which dissolves), the Town of New Sharon (which becomes the new provider), and ratepayers who will receive water services from the town. The referendum must be held by June 2025 to authorize the transfer, with the law taking effect only after voter approval.