United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 3, § 552: Bond issues to include statement of estimated total debt service, 1981

When a bond issue is sent to voters, the ballot must include a Treasurer of State statement estimating total debt service, including interest, over the bond’s full life.

ballot statementsbond issuesdebt service

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01

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“When a bond issue is sent to voters, the ballot must include a Treasurer of State statement estimating total debt service, including interest, over the bond’s full life.”

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    Enacted 1981 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Source record from legislature.maine.gov · Enacted 1981 · Source version 1 Oct 2025

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Provision
§ 552Bond issues to include statement of estimated total debt serviceProvision

When a bond issue is sent to voters, the ballot must include a Treasurer of State statement estimating total debt service, including interest, over the bond’s full life.

Whenever a bond issue is passed by the Legislature and presented to the voters for ratification, the question presented to the voters shall be accompanied on the ballot by a statement prepared by the Treasurer of State estimating the total debt service, including interest, over the full life of each bond issue to be voted upon. The validity of the bonds and of the voters' ratification thereof shall not be affected by any errors in such estimate and, if the actual amount of the total debt service for such bond issue varies from such estimate, the ratification by the electors shall nevertheless be conclusive and the validity of the bond issue shall not be affected by reason of such variance. [PL 1981, c. 629 (RPR).]
Section 552Verify source

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  • 1 Oct 2025 · currentEnglish

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