An Act To Establish a Debt Limit for the State
Maine Legislature, Session 125, LD 0830
Committee Amendment CA_A_H665 (House)

COMMITTEE AMENDMENT "A" to H.P. 627, L.D. 830, Bill, "An Act To 
Establish a Debt Limit for the State" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Provide for the 2011 and 2012 Allocations ofthe State Ceiling on Private 
Activity Bonds' 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
'Sec. 1. Allocation to the Treasurer of State. The $5,000,000 of the state 
ceiling on private activity bonds for calendar year 2011 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 2011. Five million dollars of the state ceiling for calendar year 2012 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 2011 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 2011. Forty million dollars of the state ceiling for 
calendar year 2012 is allocated to the Finance Authority of Maine to be used or 
reallocated in accordance with Title 10, section 363, subsection 6. 
2. None of the $40,000,000 of the state ceiling for calendar year 2011 previously 
allocated to the Finance Authority of Maine remains allocated to the Finance Authority of 
Maine, which is the entity designated pursuant to Title 20-A, section 11407, for use or 
reallocation in accordance with Title 10, section 363, subsection 8-A. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT A" to H.P. 627, L.D. 830 
Sec. 3. Allocation to the Maine Municipal Bond Bank. The $10,000,000 of 
the state ceiling on private activity bonds for calendar year 2011 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 2011. Ten million dollars of the state ceiling for 
calendar year 2012 is allocated to the Maine Municipal Bond Bank to be used or 
reallocated ih 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 2011 
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 2011. 
Twenty million dollars of the state ceiling for calendar year 2012 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. The $40,000,000 
of the state ceiling on private activity bonds for calendar year 2011 previously allocated 
to the Maine State Housing Authority remains 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 2011. Zero dollars of the 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. 
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 
2011 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 2012 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 
bonds for calendar years 2011 and 2012. Under federal law, a maximum of $277,820,000 
in tax-exempt bonds benefiting private individuals or entities may be issued in this State 
in 2011 and at least $277,820,000 in tax-exempt bonds benefiting private individuals or 
entities may be issued in this State in 2012. This bill allocates the state ceiling among the 
state-level issuers of tax-exempt bonds. 
FISCAL ~OTE REQLlRED 
(See 8:ttached) 
COMMITTEE AMENDMENT 
Fiscal Detail and Notes 
Approved: 06/15/11 frac 
LD 830 
LR 161(02) 
An Act To Establish a Debt Limit for the State 
Fiscal Note for Bill as Amended by Committee Amendment 'A" 
Committee: Appropriations and Financial Affairs 
Fiscal Note Required: Yes 
Fiscal Note 
No fiscal impact 
The establishment of the allocations of the state ceiling on private activity bonds for calendar years 2011 and 2012 
will not affect the general or moral obligation of the State. 
LRO 161 (02) - Fiscal Note - Page 1 of 1