Bill > LD1346

This bill addresses the dissolution of the New Sharon Water District and its transfer to the Town of New Sharon. The bill repeals the existing water district charter and requires the district to transfer all of its physical and intangible assets to the town, including water infrastructure, lands, water rights, cash, existing contracts, and other obligations. The town will become the corporate successor to the water district, assuming all of its debts and financial responsibilities. The bill authorizes the town to issue notes or bonds to replace or refinance the district's existing debts and allows the town to do so without additional voter approval. The proposed change will be subject to a referendum vote by the legal voters of New Sharon, with the specific ballot question asking if voters support transferring the water district's assets, liabilities, and responsibilities to the town. The referendum can be held between March 2025 and before the end of the three-year period following the bill's initial effective date. The bill is presented as an emergency measure due to the water district's ongoing challenges with maintaining a consistent board of trustees and the need to ensure stable water service for the community. If approved by a majority of voters, the bill will fully transfer the water district's operations and responsibilities to the Town of New Sharon.

Transportation and Infrastructure

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1346&snum=132