LD 581 (subjects: TAX INCREMENT FINANCING , DISTRICTS )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=581&PID=1456&snum=127
|2/26/2015||House||Committee on ENVIRONMENT AND NATURAL RESOURCES suggested and ordered printed.
On motion of Representative WELSH of Rockport, the Bill was REFERRED to the Committee on TAXATION.
Sent for concurrence. ORDERED SENT FORTHWITH.
|2/26/2015||Senate||On motion by Senator McCormick of Kennebec, REFERRED to the Committee on Taxation, in concurrence.|
|5/5/2015||Senate||Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)|
An Act To Clarify the Municipal Development District Law
Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, many municipalities in the State have areas within their corporate limits that can be classified as underutilized and have a significantly lower property value; and
Whereas, this legislation proposes to assist businesses relocating to these areas through credit enhancement agreements, and to enable this economic viability restoration plan this legislation needs to take effect as soon as possible; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Sec. 1. 30-A MRSA 5222, sub- 1-B is enacted to read:
Sec. 2. 30-A MRSA 5222, sub- 3-A is enacted to read:
Sec. 3. 30-A MRSA 5224-A is enacted to read:
5224-A. Use of credit enhancement agreements
Sec. 4. 30-A MRSA 5226, sub- 1, as amended by PL 2011, c. 101, 16, is further amended to read:
Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.
This bill defines the terms “blighted area” and “credit enhancement agreement” in the municipal development district laws and provides a mechanism for the use of credit enhancement agreements in blighted areas. It also requires greater advance notice of public hearings on development districts and broadens the range of parties entitled to receive direct notice of such hearings.
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This information about LD 581 was last updated on 2016-05-12.
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