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Maine Revised Statutes Title 30-A. Municipalities and Counties § 5704. Reporting by special districts

Current as of January 01, 2025 | Updated by Findlaw Staff

Upon request from the Maine Municipal Bond Bank, a special district in the State, whether or not its boundaries are coterminous with the boundaries of a municipality, including districts established for the purposes of providing water, sewer, electric, educational, health, transportation, solid waste management, parking or recreation services, or any other public purpose, shall file an annual report of its total outstanding debt.

1. Content. These reports must include debts by:

A. Amount;

B. Purpose;

C. Creditors;

D. Date incurred;

E. Interest rate;

F. Amortization period;

G. Amount of annual principal payments and annual interest payments; and

H. Assessments and contributions received from municipalities in the district to service the debts.

2. Filing; public records. The reports must be filed within 45 days of the end date of the fiscal year in which the Maine Municipal Bond Bank made the request under subsection 1. The reports must be filed with the Maine Municipal Bond Bank upon forms provided by it. Information reported under this section is a public record.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 30-A. Municipalities and Counties § 5704. Reporting by special districts - last updated January 01, 2025 | https://codes.findlaw.com/me/title-30-a-municipalities-and-counties/me-rev-st-tit-30-a-sect-5704/

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