Maine Statutes
§ 3 §553 — Lapse of unused General Fund bond issues
All General Fund bond issues passed by the Legislature for presentation to the voters shall contain language which stipulates that bond proceeds which have not been expended 10 years after the date of the sale of the bonds shall lapse to General Fund debt service.
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Legislative History
PL 1983, c. 176, §A2 (NEW).
Nearby Sections
15
§ 3 §501
Short title§ 3 §502
Purpose§ 3 §503
Definitions§ 3 §504
Justification reports§ 3 §507-A
Special sunset reviews§ 3 §507-B
Continuation of reviewed agencies§ 3 §509
Legislative Council§ 3 §510
Legal claims§ 3 §511
Review§ 3 §521
Committee§ 3 §522
Purpose and powers