Me. Stat. tit. 3 § 553

Current through 131st (2023-2024) Legislature Chapter 634
Section 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. [1983, c. 176, Pt. A, §2 (NEW).]

3 M.R.S. § 553

1983, c. 176, §A2 (NEW) .