An Act To Allow Matinicus Isle Plantation To Issue A Revenue Bond For Urgently Needed Repairs To The Plantation'S Electric Power Generating Facility

This bill allows Matinicus Isle Plantation to issue revenue bonds to fund urgent repairs to its electric power generating facility. The plantation would pay back these bonds using fees collected from electricity customers, rather than through general property taxes. It is designated as an emergency measure because the facility's failure could threaten public safety and essential services before the regular legislative session ends. The bill amends existing law to authorize this specific financing method for critical infrastructure repairs.