Debt Limitation. Neither the obligations of the agency nor the obligations of any municipality under capacity and output contracts under this section may be included in computing the debt limitations of the municipalities. These obligations of municipalities shall be treated as expenses of operating their electric plants and shall constitute special obligations of these municipalities payable solely from the revenues and other money derived by them from their electric system or electric and utility systems. The liability of these municipalities from other funds is limited to obligations undertaken by them to pay for the electricity used by them. [PL 1987, c. 141, Pt. A, §6 (NEW).]
Appears in 6 contracts
Samples: www.mainelegislature.org, www.mainelegislature.org, www.mainelegislature.org
