Maine Revised Statutes Title 30-A Sec. 5230 – Grants
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Terms Used In Maine Revised Statutes Title 30-A Sec. 5230
- Development district: means a specified area within the corporate limits of a municipality or plantation that has been designated as provided under sections 5223 and 5226 and that is to be developed under a development program. See Maine Revised Statutes Title 30-A Sec. 5222
- Municipality: means a city or town, except as provided in chapter 225. See Maine Revised Statutes Title 30-A Sec. 2001
- Tax increment: means real and personal property taxes assessed by a municipality or plantation, in excess of any state, county or special district tax, upon the increased assessed value of property in the development district. See Maine Revised Statutes Title 30-A Sec. 5222
A municipality or plantation may receive grants or gifts for any of the purposes of this chapter. The tax increment revenues within a development district may be used as the local match for certain grant programs. [PL 2011, c. 101, §23 (AMD).]
SECTION HISTORY
PL 2001, c. 669, §1 (NEW). PL 2011, c. 101, §23 (AMD).