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View municipal bond offerings and roadshows from State of Maine, and view bond ratings from Moody's and S&P.
Paying for large capital improvements over time is possible through General Obligation (GO) Bonds. This long-term financing promotes jobs, education, infrastructure, economic development, energy efficiency, water quality, open space, and other public purposes. It achieves public goals approved by the Legislature and Maine voters. The process spreads financial responsibility for long-term investments over the time and population that can expect to enjoy the benefits.
Following are steps taken in the General Obligation Bond Process.
Here are some additional facts about Maine General Obligation Bonds:
*Constitutional provisions are from Art V, Pt 3, Sec 5 and Art IX, Sec 14.
**Required by bond covenants.
Borrowing proposals are brought to the legislature.
The Legislature selects and the Governor approves projects they believe should be funded from money borrowed through general obligation (G.O.) bonds.
A statewide election is held to authorize or reject the bond proposals. http://www.maine.gov/sos/cec/elec/upcoming/index.html
Questions for the Referendum Election
When bond issues are on a referendum ballot, the Treasurer of State prepares a statement summarizing the total amount of State bonds that are outstanding and unpaid, the total amount of State bonds authorized and unissued, and the total amount of State bonds to be issued if ratified by the voters.
Click here to view the Treasurer’s Statement November 2021 (MS Word)