Maine seeks bids for new liquor contract

2:29 PM, Oct 4, 2013   |    comments
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AUGUSTA, Maine (AP) - Gov. Paul LePage says Maine is seeking bidders for a new liquor contract with the state.

The Republican governor said in a release Friday that the Bureau of Alcoholic Beverages and Lottery Operations has issued a request for proposals.

The new liquor contract is part of the state's plan to pay back its hospitals more than $400 million dollars in unpaid Medicaid expenses.

The hospitals were paid last month after the state sold a $220 million liquor operation revenue bond. The bond will be paid back with the revenues from the restructured liquor contract.

Maine signed a 10-year agreement with Maine Beverage Company in 2004 for a one-time payment of $125 million and annual revenue sharing.

LePage says the new contract will bring in significantly more revenue to the state.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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