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: Appropriations and Financial Affairs
Sponsors: RECTOR

Legislative Document 
No. 1733
S.P. 593 
In Senate, January 4, 2012
An Act To Provide for the 2012 and 2013 Allocations of the State 
Ceiling on Private Activity Bonds 
Submitted by the Finance Authority of Maine pursuant to Joint Rule 204. 
Reference to the Committee on Appropriations and Financial Affairs suggested and ordered 
printed. 
JOSEPH G. CARLETON, JR. 
Secretary of the Senate 
Presented by Senator RECTOR of Knox. 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  Allocation to the Treasurer of State.  The $5,000,000 of the state 
ceiling on private activity bonds for calendar year 2012 previously allocated to the 
Treasurer of State remains allocated to the Treasurer of State to be used or reallocated in 
accordance with the Maine Revised Statutes, Title 10, section 363, subsection 5 for 
calendar year 2012.  Five million dollars of the state ceiling for calendar year 2013 is 
allocated to the Treasurer of State to be used or reallocated in accordance with Title 10, 
section 363, subsection 5. 
Sec. 2.  Allocation to the Finance Authority of Maine.  The state ceiling on 
private activity bonds allocated to the Finance Authority of Maine is as follows. 
1.  The $40,000,000 of the state ceiling 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 
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. 
2.  No portion of the state ceiling for calendar year 2012 was previously allocated to 
the Finance Authority of Maine, which is the entity designated pursuant to the Maine 
Revised Statutes, Title 20-A, section 11407, for use or reallocation in accordance with 
Title 10, section 363, subsection 8-A for calendar year 2012.  No portion of the state 
ceiling for calendar year 2013 is allocated to the Finance Authority of Maine, which is the 
entity designated pursuant to Title 20-A, section 11407, to be used or reallocated in 
accordance with Title 10, section 363, subsection 8-A. 
Sec. 3.  Allocation to the Maine Municipal Bond Bank.  The $10,000,000 of 
the state ceiling on private activity bonds for calendar year 2012 previously allocated to 
the Maine Municipal Bond Bank remains allocated to the Maine Municipal Bond Bank to 
be used or reallocated in accordance with the Maine Revised Statutes, Title 10, section 
363, subsection 7 for calendar year 2012.  Ten million dollars of the state ceiling for 
calendar year 2013 is allocated to the Maine Municipal Bond Bank to be used or 
reallocated in accordance with Title 10, section 363, subsection 7. 
Sec. 4.  Allocation to the Maine Educational Loan Authority.  The 
$20,000,000 of the state ceiling on private activity bonds for calendar year 2012 
previously allocated to the Maine Educational Loan Authority remains allocated to the 
Maine Educational Loan Authority to be used or reallocated in accordance with the 
Maine Revised Statutes, Title 10, section 363, subsection 8 for calendar year 2012.  
Twenty million dollars of the state ceiling for calendar year 2013 is allocated to the 
Maine Educational Loan Authority to be used or reallocated in accordance with Title 10, 
section 363, subsection 8. 
Sec. 5.  Allocation to the Maine State Housing Authority.  No portion of the 
state ceiling on private activity bonds for calendar year 2012 was previously allocated to 
the Maine State Housing Authority to be used or reallocated in accordance with the 
Maine Revised Statutes, Title 10, section 363, subsection 4 for calendar year 2012.  Forty 
million dollars of previously unallocated state ceiling for calendar year 2012 is allocated 
to the Maine State Housing Authority to be used or reallocated in accordance with Title 
10, section 363, subsection 4 for calendar year 2012.  No portion of the state ceiling for 
calendar year 2013 is allocated to the Maine State Housing Authority to be used or 
reallocated in accordance with Title 10, section 363, subsection 4. 
Sec. 6.  Unallocated state ceiling.  One hundred sixty-two million eight hundred 
twenty 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.  Two hundred two million eight hundred twenty thousand dollars of the 
state ceiling for calendar year 2013 is unallocated and must be reserved for future 
allocation in accordance with applicable laws. 
SUMMARY 
This bill establishes the allocations of the state ceiling on issuance of tax-exempt 
private activity bonds for calendar years 2012 and 2013.  This bill allocates the state 
ceiling among the state-level issuers of tax-exempt bonds.