An Act Regarding Funding for School Construction

This bill establishes new procedures for school construction projects in Maine, starting July 1, 2026. It creates a School Construction Debt Service Fund, which will receive money from various state sources like the General Fund, lottery sales, slot machine income, and taxes on cannabis and tobacco, aiming for a minimum of $175 million in fiscal year 2026-27 and $200 million thereafter. The bill also establishes the Maine Public School Financing Authority to help school districts pay their share of construction costs, including offering zero-interest financing.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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