There is a newer version of the Maine Revised Statutes
2016 Maine Revised Statutes
TITLE 3: LEGISLATURE
Chapter 25: STATE DEBT
§553. Lapse of unused General Fund bond issues
3 ME Rev Stat § 553 (2016) What's This?
§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).]
SECTION HISTORY
1983, c. 176, §A2 (NEW).
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