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Bill > LD1775
ME LD1775
ME LD1775An Act to Authorize the Issuance of a Revenue Bond to Upgrade County Jails to Meet the Corrections Needs of Maine's Counties
summary
Introduced
04/24/2025
04/24/2025
In Committee
04/24/2025
04/24/2025
Crossed Over
Passed
Dead
Introduced Session
132nd Legislature
Bill Summary
This bill authorizes the Finance Authority of Maine to issue revenue bonds in the amount of $87,000,000 to provide funding to county jails, including those that detain adult residents for up to 72 hours, to upgrade their facilities to accommodate residents who have a substance use disorder and to provide treatment and recovery services for those residents and to provide supplemental funding for jails that may have potential funding shortfalls. The bonds are issued for 10 years and are repaid using equal amounts from revenue from the contract for wholesale spirits operations and the funds received from the opioid settlement funds.
AI Summary
This bill authorizes the Finance Authority of Maine to issue up to $87 million in revenue bonds specifically for upgrading county jails and short-term holding facilities. The bonds are designed to help county jails accommodate and provide treatment for residents with substance use disorders and address potential funding shortfalls. Importantly, these bonds are not considered state debt and do not pledge the state's full faith and credit. The bonds will be repaid over a 10-year period, from July 1, 2026, to June 30, 2036, with funding equally split between two sources: revenue from wholesale spirits operations and opioid settlement funds deposited in the Maine Recovery Fund. The funds will be distributed to county jails and short-term detention facilities on a pro-rata population basis, with the goal of improving jail conditions, supporting substance use disorder treatment and recovery services, and providing supplemental funding for facilities facing financial challenges. If either funding source is set to expire before the bonds are fully repaid, an appropriate amount will be escrowed to ensure complete repayment.
Committee Categories
Budget and Finance
Sponsors (10)
Jack Ducharme (R)*,
Joe Baldacci (D),
Susan Bernard (R),
Russell Black (R),
Bill Bridgeo (D),
Wayne Farrin (D),
Randall Greenwood (R),
Stacey Guerin (R),
Marianne Moore (R),
Trey Stewart (R),
Last Action
Carried over, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800. (on 06/25/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1775&snum=132 |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1186&item=1&snum=132 |
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