An Act To Eliminate The Debt Limit Of The Boothbay Region Water District

LD 293 removes the current $12 million debt limit for the Boothbay Region Water District, replacing it with a process requiring voter approval to set a new borrowing limit. The district's board of trustees can propose a new debt limit, which must be submitted to a referendum where all legal voters in the district vote "yes" or "no" on changing the limit from the current amount to the proposed amount. A majority vote is required for any new limit to take effect, and the district can hold multiple referendums if initial proposals fail. This bill directly affects the district's ability to borrow funds for water system projects like acquisitions, renovations, and infrastructure improvements, and impacts residents who will vote on debt limit changes.