Maine § 30-A §5224-2 Development programs

Maine Statutes

§ 30-A §5224-2 — Development programs

Maine·Title 30-A MUNICIPALITIES AND COUNTIES·Part 2 MUNICIPALITIES·Ch. 206 DEVELOPMENT DISTRICTS

1.Adoption. The legislative body of a municipality or plantation shall adopt a development program for each development district. The development program must be adopted at the same time as is the district, as part of the district adoption proceedings or, if at a different time, in the same manner as adoption of the district, with the same notice and hearing requirements of section 5226. Before adopting a development program, the municipal or plantation legislative body shall consider the factors and evidence specified in section 5223, subsection 2.

2.Requirements. The development program must include:

3.Financial plan for development program. The financial plan for a development program must include:

4.Financial plan for tax increment financing districts. In addition to the items requ

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1.
Adoption.
The legislative body of a municipality or plantation shall adopt a development program for each development district. The development program must be adopted at the same time as is the district, as part of the district adoption proceedings or, if at a different time, in the same manner as adoption of the district, with the same notice and hearing requirements of section 5226. Before adopting a development program, the municipal or plantation legislative body shall consider the factors and evidence specified in section 5223, subsection 2.
2.
Requirements.
The development program must include:
3.
Financial plan for development program.
The financial plan for a development program must include:
4.
Financial plan for tax increment financing districts.
In addition to the items required by subsection 3, the financial plan for a development program for a tax increment financing district must include the following for each year of the program:
5.
Limitation.
For tax increment financing districts, the municipality or plantation may expend the tax increments received for any development program only in accordance with the financial plan.

Maine § 30-A §5224-2 (Development programs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 2001, c. 669, §1 (NEW). PL 2007, c. 413, §4 (AMD). PL 2009, c. 314, §9 (AMD). PL 2011, c. 101, §§9-11 (AMD). PL 2013, c. 184, §3 (AMD). PL 2019, c. 140, §1 (AMD). PL 2023, c. 472, §1 (AMD). PL 2025, c. 356, §1 (AMD).