An Act to Reduce the Reporting Requirements for Special Utility Districts and to Require the Maine Public Utility Financing Bank to File a Report with the Legislature
Maine Legislature, Session 131, LD 2248
Committee: State and Local Government
Amends: 30-A MRSA §5704

Legislative Document
No. 2248
H.P. 1441
House of Representatives, March 5, 2024
An Act to Reduce the Reporting Requirements for Special Utility 
Districts and to Require the Maine Public Utility Financing Bank to 
File a Report with the Legislature
Reported by Representative STOVER of Boothbay for the Joint Standing Committee on 
State and Local Government pursuant to the Maine Revised Statutes, Title 3, section 955, 
subsection 4.
Reference to the Committee on State and Local Government suggested and ordered printed 
pursuant to Joint Rule 218.
ROBERT B. HUNT
Clerk
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  30-A MRSA §5704, as enacted by PL 1987, c. 737, Pt. A, §2 and Pt. C, 
§106 and amended by PL 1989, c. 6; c. 9, §2; and c. 104, Pt. C, §§8 and 10, is further 
amended to read:
§5704.  Reporting by special districts
Each 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 shall 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 shall must be filed within 45 days of the end 
date of each the fiscal year in which the Maine Municipal Bond Bank made the request 
under subsection 1.  The reports shall must be filed with the Maine Municipal Bond Bank 
upon forms provided by it.  Information reported under this section is a public record.
Sec. 2.  Maine Public Utility Financing Bank report.  By December 15, 2025, 
the Maine Public Utility Financing Bank, established in the Maine Revised Statutes, Title 
5, section 12004-F, subsection 5, shall file a report on its activities during the 10-year period 
beginning January 1, 2015 and ending December 31, 2024 to the joint standing committee 
of the Legislature having jurisdiction over energy and utility matters.
SUMMARY
This bill is reported out by the Joint Standing Committee on State and Local 
Government pursuant to Title 3, section 955, subsection 4 for the sole purpose of turning 
the draft into a printed bill for referral back to the committee for public hearing and 
subsequent processing in the normal course of committee work.  The bill implements 
recommendations made as a result of the committee's review of the government evaluation 
report submitted to the committee by the Maine Municipal Bond Bank.  The bill requires 
the Maine Public Utility Financing Bank to submit a report by December 15, 2025 on its 
activities for a 10-year period to the joint standing committee of the Legislature having 
jurisdiction over energy and utility matters.  The bill also changes the requirement in 
current law that each special district in the State file an annual report with the Maine 
Municipal Bond Bank and instead requires such a report only upon a request by the Maine 
Municipal Bond Bank.