An Act To Provide For The 2025 And 2026 Allocations Of The State Ceiling On Private Activity Bonds

This bill allocates Maine's state budget limit for tax-exempt private activity bonds for 2025 and 2026. It provides specific funding amounts to key state entities: $270 million to the Finance Authority (including for education loans), $100 million to the State Housing Authority, $10 million to the Municipal Bond Bank, and $5 million to the Treasurer of State for each year. These allocations ensure these agencies can issue bonds for projects like affordable housing, municipal infrastructure, and educational facilities without delays. The bill also reserves some funds for future use and addresses an emergency to prevent financing disruptions.