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LD2127 • 2025

An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State

An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State

Housing
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Glenn Curry
Last action
2026-04-15
Official status
Signed by the Governor
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State

An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State Sponsor: Senator Glenn Curry Reference committee: Housing and Economic Development Governor action: Signed by the Governor

What This Bill Does

  • An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State Sponsor: Senator Glenn Curry Reference committee: Housing and Economic Development Governor action: Signed by the Governor

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Adopted by House & Senate

Plain English: Page 1 - 132LR2895(02) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR2895(02) COMMITTEE AMENDMENT 1 L.D.
  • 2127 2 Date: (Filing No.
  • S- ) 3HOUSING AND ECONOMIC DEVELOPMENT 4 Reproduced and distributed under the direction of the Secretary of the Senate.
  • 5STATE OF MAINE 6SENATE 7132ND LEGISLATURE 8SECOND REGULAR SESSION 9 COMMITTEE AMENDMENT “ ” to S.P.

Bill History

  1. 2026-04-15 Governor

    Signed by the Governor

  2. 2026-04-13 Senate

    On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table. Subsequently, PASSED TO BE ENACTED in concurrence.

  3. 2026-03-05 House

    PASSED TO BE ENACTED . Sent for concurrence. ORDERED SENT FORTHWITH.

  4. 2026-02-13 Committee

    Reported Out; OTP-AM

  5. 2026-01-27 Committee

    Work Session Held

  6. 2026-01-27 Committee

    Voted; OTP-AM

  7. 2026-01-07 Committee

    Referred to Committee on Housing and Economic Development.

Official Summary Text

An Act to Increase the Cap on Bonds Issued by the Maine State Housing Authority to Reflect Current Housing Production Needs in the State
Sponsor:
Senator Glenn Curry
Reference committee:
Housing and Economic Development
Governor action:
Signed by the Governor

Current Bill Text

Read the full stored bill text 
Page 1 - 132LR2895(03)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-SIX
_____
S.P. 813 - L.D. 2127
An Act to Increase the Cap on Bonds Issued by the Maine State Housing
Authority to Reflect Current Housing Production Needs in the State
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §4907, sub-§1, as amended by PL 2023, c. 559, §1, is further
amended to read:
1. Limitations on amount of outstanding principal. The Maine State Housing
Authority may not at any time have an aggregate principal amount outstanding, in excess
of $3,000,000,000 $4,000,000,000 of mortgage purchase bonds secured by the Housing
Reserve Fund or a Capital Reserve Fund to which section 4906, subsection 3, paragraph A
applies. Mortgage purchase bonds of the Maine State Housing Authority secured by capital
reserve funds to which section 4906, subsection 3, paragraph A does not apply, bond or
mortgage insurance, direct or indirect contract with the United States, purchase or
repurchase agreement of guaranty with a banking or other financial organization or other
credit arrangements securing the bonds may be issued up to $100,000,000 per calendar year
in an aggregate principal amount outstanding at any time not to exceed $300,000,000.
APPROVED
APRIL 15, 2026
BY GOVERNOR
CHAPTER
700
PUBLIC LAW