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Committee to review draft letter on Maine Municipal Bond Bank and Government Facilities Authority
Summary
A draft letter outlining the committee's reviews of the Maine Municipal Bond Bank and the Maine Government Facilities Authority under Title 5, chapter 379, subchapter 3 was circulated for member review; the committee will consider edits and collect signatures at its next meeting.
A committee member circulated a draft letter for the committee's review that summarizes the panel's quasi‑independent state entity reviews of the Maine Municipal Bond Bank and the Maine Government Facilities Authority under Title 5, chapter 379, subchapter 3.
The member who offered the draft said it reflects the language discussed during last week's reviews and is intended to indicate how each entity met, partially met or did not meet certain statutory provisions. "The letter that just came around is a draft letter of, like we talked about last week with the quasi independent state entity reviews," the member said, noting the committee could propose edits.
The clerk (or member presenting the draft) asked members to take the document home and return comments at the committee's next meeting. The presenter said they would work with committee chairs to incorporate directed changes and obtain signatures as necessary.
The draft letter specifically references review materials for the Maine Municipal Bond Bank and the Maine Government Facilities Authority and cites the statutory authority for the reviews as Title 5, chapter 379, subchapter 3. Committee members indicated it was "significant material" and agreed to provide comments at the next meeting.
The committee adjourned after the circulation and instruction to review the draft.
