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Bill > LD2127
ME LD2127
ME LD2127An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State
summary
Introduced
01/07/2026
01/07/2026
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
132nd Legislature
Bill Summary
This bill increases from $3,000,000,000 to $4,000,000,000 the cap on certain mortgage purchase bonds issued by the Maine State Housing Authority.
AI Summary
This bill increases the maximum amount of mortgage purchase bonds that the Maine State Housing Authority can have outstanding from $3 billion to $4 billion. Mortgage purchase bonds are financial instruments the Maine State Housing Authority uses to fund its activities, such as providing mortgages for housing. The Housing Reserve Fund and Capital Reserve Fund are accounts used to secure these bonds, ensuring their repayment. This change aims to allow the Authority to issue more bonds to meet the current needs for housing production in Maine.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Reported Out: OTP-AM (on 02/13/2026)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=2127&snum=132 |
| Fiscal Note: Text | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN212701.pdf |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0813&item=1&snum=132 |
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