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• Introduced by Sen. Lynn Bromley (D) on February 5, 2008, this bill establishes the allocations of the state ceiling on the issuance of tax-exempt bonds for calendar years 2008 and 2009. Under federal law, a maximum of $262,095,000 in tax-exempt bonds benefiting private individuals or entities may be issued in Maine in 2008 and at least $262,095,000 in tax-exempt bonds benefiting private individuals or entities may be issued in Maine in 2009. This bill allocates the state ceiling among the state-level issuers of tax-exempt bonds.
  • Referred to the Business, Research and Economic Development Committee on February 5, 2008.
  • Amendment offered in the Senate on March 20, 2008. The amendment passed in the Senate by voice vote on March 20, 2008.
• Passed in the Senate by voice vote on March 25, 2008.
• Received in the House on March 26, 2008.
• Passed in the House by voice vote on March 27, 2008.
• Signed by Gov. John E Baldacci on April 1, 2008.