Bill
LD 2009
An Act To Allow A Political Subdivision To Enter Into Federal Bankruptcy Proceedings
132nd Legislature (2025-2026)
Introduced by Billy Bob Faulkingham and 4 co-sponsors
LD 2009 permits Maine municipalities to file for federal Chapter 9 bankruptcy to restructure debts, offering fiscal relief but potentially weakening municipal bond markets and state oversight of local finances.
Signed by Governor