An Act To Provide for the 2012 and 2013 Allocations of the State Ceiling on Private Activity Bonds
Maine Legislature, Session 125, LD 1733
Committee Amendment CA_A_S388 (Senate)

COMMITTEE AMENDMENT "A " to S.P. 593, L.D. 1733, Bill, "An Act To 
Provide for the 2012 and 2013 Allocations of the State Ceiling on Private Activity 
Bonds" 
Amend the bill by inserting after the title and before the enacting clause the 
following: 
'Emergency preamble. Whereas, acts and resolves of the Legislature do not 
become effective until 90 days after adjournment unless enacted as emergencies; and 
Whereas, the Maine Revised Statutes, Title 10, section 363 and Private and Special 
Law 2007, chapter 18 make a partial allocation of the state ceiling on private activity 
bonds to some issuers for calendar year 2012, but leave a portion of the state ceiling 
unallocated and do not provide sufficient allocations for certain types of private activity 
bonds that may require an allocation prior to the effective date of this Act if it is not 
enacted on an emergency basis; and 
Whereas, if these bond issues are delayed due to lack of available state ceiling, the 
rates and terms under which these bonds may be issued may be adversely affected, 
resulting in increased costs to beneficiaries or unavailability of financing for certain 
projects; and 
Whereas, in the judgment of the Legislature, these facts create an emergency within 
the meaning of the Constitution of Maine and require the following legislation as 
immediately necessary for the preservation of the public peace, health and safety; now, 
therefore,' 
Amend the bill by striking out all of section 2 (page 1, lines 9 to 23 in L.D.) and 
inserting the following: 
'Sec. 2. Allocation to the Finance Authority of Maine. The $40,000,000 of 
the state ceiling on private activity bonds for calendar year 2012 previously allocated to 
the Finance Authority of Maine remains allocated to the Finance Authority of Maine to 
be used or reallocated in accordance with the Maine Revised Statutes, Title 10, section 
363, subsection 6 for calendar year 2012. Forty million dollars of the state ceiling for 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT" A" to S.P. 593, L.D. 1733 
calendar year 2013 is allocated to the Finance Authority of Maine to be used or 
reallocated in accordance with Title 10, section 363, subsection 6.' 
Amend the bill in section 4 in the 3rd line (page 1, line 33 in L.D.) by striking out the 
following: "remains" and inserting the following: 'is modified so that $15,000,000 is' 
Amend the bill in section 4 in the 6th line (page 1, line 36 in L.D.) by striking out the 
following: "Twenty" and inserting the following: 'Fifteen' 
Amend the bill in section 5 in the 4th line (page 2, line 1 in L.D.) by striking out the 
following: "Forty" and inserting the following: 'Fifty' 
Amend the bill in section 5 in the 7th line (page 2, line 4 in L.D.) by striking out the 
following: "No portion" and inserting the following: 'Fifty million dollars' 
Amend the bill by striking out all of section 6 (page 2, lines 7 to 12 in L.D.) and 
inserting the following: 
'Sec. 6. Unallocated state ceiling. One hundred sixty-four million five hundred 
sixty thousand dollars of the state ceiling on private activity bonds for calendar year 2012 
is unallocated and must be reserved for future allocation in accordance with applicable 
laws. One hundred sixty-four million five hundred sixty thousand dollars of the state 
ceiling for calendar year 2013 is unallocated and must be reserved for future allocation in 
accordance with applicable laws.' 
Amend the bill by adding before the summary the following: 
'Emergency clause. 
In view of the emergency cited III the preamble, this 
legislation takes effect when approved.' 
SUMMARY 
This amendment adds an emergency preamble and emergency clause to the bill for 
the allocation of the state ceiling on private activity bonds for the 2012 and 2013 
allocations. The amendment makes corrections to ensure the proper allocations of the 
state ceiling on issuance of tax-exempt bonds. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 02/03112 
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LD 1733 
LR 2625(02) 
An Act To Provide for the 2012 and 2013 Allocations of the State Ceiling on Private Activity Bonds 
Fiscal Note for Bill as Amended by Committee Amendment "A" S-3ca-~ 
Committee: Labor, Commerce, Research and Economic Development 
Fiscal Note Required: Yes 
Fiscal Note 
No net effect on general or moral obligation debt 
Fiscal Detail and Notes 
The establishment of the allocations of the state ceiling on private activity bonds for calendar years 2012 and 2013 
will not affect the general or moral obligation of the State. 
LR2625(02) - Fiscal Note - Page 1 of 1