Maine Statutes
§ 5 §13120-Q — Exceptions
The authority, with the advice of the department, the Department of Labor and such other agencies it determines appropriate, may waive the requirements of section 13120‑P, subsection 2, paragraph E and section 13120‑P, subsection 3, paragraph E if the municipality has experienced a historical lack of private investment and it is reasonably expected that private investment will not be available to assist with project financing and one of the following conditions is met:
1.Sudden and severe economic dislocation.
The property is located in a municipality that has experienced a sudden and severe economic dislocation, which may include but is not limited to:
2.Chronic and severe economic distress.
The property is located in a municipality that has experienced long-term economic distress, as e
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Legislative History
PL 2001, c. 703, §6 (NEW). PL 2011, c. 655, Pt. DD, §7 (AMD). PL 2011, c. 655, Pt. DD, §24 (AFF).
Nearby Sections
15
§ 5 §13120-A
Authority established; purpose§ 5 §13120-B
Definitions§ 5 §13120-C
Organization and responsibilities§ 5 §13120-D
Board of trustees; appointment; chair; employees§ 5 §13120-E
Agreements; contracts§ 5 §13120-F
Receive, use and invest funds§ 5 §13120-G
Acquisition, use and disposition of property§ 5 §13120-H
Taxation and fees§ 5 §13120-I
Bonds§ 5 §13120-J
Interest of trustee or employee§ 5 §13120-K
Annual report; audit§ 5 §13120-L
Rules§ 5 §13120-M
Disclosure and confidentiality of records§ 5 §13120-N
Speculative industrial building program§ 5 §13120-O
Community Industrial Buildings Fund