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Committee clarifies 2026–27 private activity bond ceiling: FAME allocations adjusted
Summary
The committee accepted technical amendments to LD 2156 that clarify allocations of the state ceiling on private activity bonds for 2026–2027, including a revised figure (47,625,000) for Maine Housing Authority and reallocation of $52,375,000 to the Finance Authority of Maine (FAME); motion passed unanimously.
The committee considered LD 2156, a bill allocating the state ceiling for tax‑exempt private activity bonds for calendar years 2026 and 2027 among issuers. Committee staff and FAME suggested amendment language clarifying that $47,625,000 (not the full $100,000,000) was provided to Maine Housing Authority and that $52,375,000 of the previously proposed amount be reallocated to the Finance Authority of Maine (FAME).
The analyst noted the preliminary fiscal information and that the bill’s fiscal note indicates no net effect on general or moral obligation debt. After accepting a friendly amendment to preserve the 47,625,000 figure and note the $52,375,000 reallocation to FAME, the committee voted 'ought to pass as amended' by roll call; the motion passed unanimously among members present.
What’s next: LD 2156 was reported as 'ought to pass as amended' and will proceed with the committee’s recommended allocation language.
