An Act To Provide for the 2013 and 2014 Allocations of the State Ceiling on Private Activity Bonds
Maine Legislature, Session 126, LD 0246
Committee: Appropriations and Financial Affairs
Sponsors: PATRICK, HERBIG, CAMPBELL, GILBERT, HAMANN, MASTRACCIO

Legislative Document 
No. 246 
S.P. 82 
In Senate, February 5, 2013 
An Act To Provide for the 2013 and 2014 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. 
DAREK M. GRANT 
Secretary of the Senate 
Presented by Senator PATRICK of Oxford. 
Cosponsored by Representative HERBIG of Belfast and 
Representatives: CAMPBELL of Newfield, GILBERT of Jay, HAMANN of South Portland, 
MASTRACCIO of Sanford. 
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 2013 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 2013.  Five million dollars of the state ceiling for calendar year 2014 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 2013 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 2013.  Forty million dollars of the state ceiling for 
calendar year 2014 is allocated to the Finance Authority of Maine to be used or 
reallocated in accordance with Title 10, section 363, subsection 6. 
Sec. 3.  Allocation to the Maine Municipal Bond Bank.  The $10,000,000 of 
the state ceiling on private activity bonds for calendar year 2013 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 2013.  Ten million dollars of the state ceiling for 
calendar year 2014 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 
$15,000,000 of the state ceiling on private activity bonds for calendar year 2013 
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 2013.  
Fifteen million dollars of the state ceiling for calendar year 2014 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 $50,000,000 
of the state ceiling on private activity bonds for calendar year 2013 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 2013.  Fifty million dollars of the state 
ceiling for calendar year 2014 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 seventy-one million eight 
hundred seventy-five thousand dollars of the state ceiling on private activity bonds for 
calendar year 2013 is unallocated and must be reserved for future allocation in 
accordance with applicable laws.  One hundred seventy-one million eight hundred 
seventy-five thousand dollars of the state ceiling for calendar year 2014 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 2013 and 2014. This bill allocates the state 
ceiling among the state-level issuers of tax-exempt bonds.