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Page 1 - 132LR2604(03)
STATE OF MAINE
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IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-SIX
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H.P. 1371 - L.D. 2041
An Act to Increase the Debt Limit of the North Jay Water District
Emergency preamble. Whereas, acts and resolves of the Legislature do not
become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, a new water main is needed to allow the North Jay Water District to protect
the health of residents served by the district; and
Whereas, the needed funds would exceed the current borrowing capacity of the
district; and
Whereas, the district needs an immediate increase in its borrowing authority in order
to timely schedule the needed improvements; and
Whereas, in the judgment of the Legislature, these facts create an emergency within
the meaning of the Constitution of Maine and require the following legislation as
immediately necessary for the preservation of the public peace, health and safety; now,
therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. P&SL 1951, c. 107, §9, first sentence, as amended by P&SL 2003, c. 10,
§1, is further amended to read:
For accomplishing the purposes of this act, the district, through its trustees, is authorized
to borrow money from time to time, not exceeding $900,000 $15,000,000 and to issue
therefor the interest-bearing negotiable notes or bonds of the district, maturing serially or
otherwise, and to make subsequent renewals of the same in whole or in part, and for said
purposes and for the purpose of refunding any notes, bonds or other lawful indebtedness,
to establish a fund therefor, and for the purpose of obtaining or providing money to pay or
to meet any necessary expenses and liabilities incurred or assumed under the provisions of
this act, including expenses in the creation of this district, in securing sources of supply,
taking water and land, paying damages, laying pipes, constructing, maintaining and
operating a water plant and making extensions, additions and improvements to the same,
the district, through its trustees, may, from time to time, issue bonds of the district to an
amount necessary in the judgment of the trustees therefor, maturing at 1 one time or in
APPROVED
MARCH 3, 2026
BY GOVERNOR
CHAPTER
11
P & S LAW
Page 2 - 132LR2604(03)
uniform or varying installments, with or without call provisions and at such rates of interest
and on such terms and conditions as the trustees determine.
Emergency clause. In view of the emergency cited in the preamble, this legislation
takes effect when approved.