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Committee reviews language raising Maine Housing bond cap to $4 billion; clears unanimous report
Summary
The committee reviewed and agreed to a unanimous 'ought to pass' report that raises the Maine State Housing Authority bond cap from $3 billion to $4 billion; analysts noted the increase generated a fiscal note and the committee approved the language review with no objections.
The Housing and Economic Development Committee reviewed language for a previously agreed unanimous report that raises the Maine State Housing Authority bond cap from $3,000,000,000 to $4,000,000,000.
Analyst Westfall presented the revised language and noted an accompanying fiscal note reflecting the state's increased moral obligation tied to the larger cap. No committee member objected and the language was approved to proceed to reporting.
The committee closed that review and adjourned its session; staff will file the committee amendment and proceed with reporting.
