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Temporary Loans
Money may be borrowed in anticipation of receipts from taxes during any fiscal year but the aggregate amount of such loans outstanding at any one time shall not exceed 80% of the taxes committed during the preceding fiscal year.  All such loans shall be paid within the year out of receipts from taxes for the fiscal year in which said loans are made.  Money may be borrowed in anticipation of money to be received from the sale of bonds to be paid within 1 year and are subject to the provisions of laws of the State of Maine in relation thereto.

 
 
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Gardiner City Hall, 6 Church Street, Gardiner, ME 04345 (207) 582-4200
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