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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 30-A, § 932: Anticipatory borrowing, 1987

County commissioners and certain county officers may borrow money in anticipation of taxes or the sale of notes and securities, subject to limits.

Source excerpt

borrowingnotes and securitiestax anticipation
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1987
Dates
Enacted 1987 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1987 · Source version 1 Oct 2025
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01

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“County commissioners and certain county officers may borrow money in anticipation of taxes or the sale of notes and securities, subject to limits.”

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02

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    Enacted 1987 · 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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Anticipatory borrowing

County commissioners and certain county officers may borrow money in anticipation of taxes or the sale of notes and securities, subject to limits.

Section 932

04

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Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 932Anticipatory borrowingProvision

Source excerpt

County commissioners and certain county officers may borrow money in anticipation of taxes or the sale of notes and securities, subject to limits.

1. Taxes. The county commissioners of all counties may borrow in anticipation of taxes. If the county budget has not yet been approved, the county commissioners of each county may borrow an amount not exceeding 80% of the previous year's budget, except as otherwise provided. [PL 2005, c. 79, §4 (AMD).] 2. Sale of notes or securities. The county officers authorized to issue notes and securities may borrow money in anticipation of their sale by issuing temporary notes and renewal notes, the total face amount of which does not exceed at any one time outstanding the authorized amount of the notes and securities. The period of this anticipatory borrowing may not exceed one year and the time within which the securities are to become due may not be extended by such anticipatory borrowing beyond the time fixed in the vote authorizing their issue or, if no term is specified there, beyond the term permitted by law. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 3. Change of fiscal year. [PL 2015, c. 335, §15 (RP).]
Section 932Verify source

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  • 1 Oct 2025 · currentEnglish

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