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Question 1, Maine Voter Approval of Borrowing Above $1 Billion by State Entities and Electric Cooperatives Initiative

Maine Ballot Measure - Indirect Initiated State Statute

Election: Nov. 7, 2023 (General)

Outcome: Passed

Categories:

Energy

Summary

This ballot measure would require voter approval for certain state entities, municipal electric districts, electrification cooperatives, or consumer-owned transmission utilities to incur a total outstanding debt that exceeds $1 billion, and require a statement by the state treasurer to accompany the ballot question regarding the estimated cost of the increased debt.

Measure Text

Do you want to bar some quasi-government entities and all consumer-owned utilities from taking on more than $1 billion in debt unless they get statewide voter approval?

Resources

Official Summary

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