Maine Revised Statutes Title 6 Sec. 180 – Debt limit and approval of voters within airport authority territory
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Terms Used In Maine Revised Statutes Title 6 Sec. 180
- Airport authority: means a quasi-municipal entity formed and chartered pursuant to this chapter to operate an airport and provide air transportation services. See Maine Revised Statutes Title 6 Sec. 172
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- board: means the board of directors of an airport authority. See Maine Revised Statutes Title 6 Sec. 172
- Charter: means a private and special law or a series of private and special laws that establishes an airport authority and defines its responsibilities and authority. See Maine Revised Statutes Title 6 Sec. 172
- Charter territory: means the territorial limits of an airport authority as defined in its charter. See Maine Revised Statutes Title 6 Sec. 172
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
Prior to issuing on behalf of an airport authority under section 179 any bond, note or other evidence of indebtedness payable within a period of more than 12 months after the date of issuance, the board of directors shall propose a debt limit for the airport authority that the board must submit for approval in a referendum in the charter territory of the airport authority. The referendum must be called, advertised and conducted according to the law relating to municipal elections, except that the registrar of voters is not required to prepare or the clerk to post a new list of voters. The voting place for the referendum may be outside the charter territory of the airport authority if the usual voting place for persons located within the charter territory is located outside the charter territory. For the purpose of registering voters, the registrar of voters must be in session on the regular work day preceding the election. The question presented must conform to one of the following forms: [PL 2007, c. 563, §1 (NEW).]
For establishment of an initial debt limit: “Do you favor establishing the debt limit of the (insert name of airport authority) at (insert amount)?”; or [PL 2007, c. 563, §1 (NEW).]
For amendment of an existing debt limit: “Do you favor changing the debt limit of the (insert name of airport authority) from (insert current debt limit) to (insert proposed debt limit)?”. [PL 2007, c. 563, §1 (NEW).]
The voters shall indicate by a cross or check mark placed against the word “Yes” or “No” their opinion on the question. [PL 2007, c. 563, §1 (NEW).]
The results must be declared by the board of directors and entered upon the airport authority’s records. Due certificate of the results must be filed by the clerk with the Secretary of State. [PL 2007, c. 563, §1 (NEW).]
A debt limit proposal becomes effective upon its acceptance by a majority of the legal voters within the charter territory voting at the referendum. Failure of approval by the majority of voters voting at the referendum does not prevent subsequent referenda from being held for the same purpose. The costs of referenda are borne by the airport authority. [PL 2007, c. 563, §1 (NEW).]
The board of directors may not issue any bond, note or other evidence of indebtedness payable within a period of more than 12 months after the date of issuance unless the total amount of the debt issued by the directors is no more than an amount approved by referendum under this section. [PL 2007, c. 563, §1 (NEW).]
SECTION HISTORY
PL 2007, c. 563, §1 (NEW).