Maine Revised Statutes Title 30-A Sec. 5266 – Grants
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Terms Used In Maine Revised Statutes Title 30-A Sec. 5266
- Development district: means a specified area within the corporate limits of a municipality that has been designated as provided under section 5264 and that is to be developed by the municipality or its designee under a development program. See Maine Revised Statutes Title 30-A Sec. 5263
- Municipality: means a city or town, except as provided in chapter 225. See Maine Revised Statutes Title 30-A Sec. 2001
- Tax increment: means that portion of all real and personal property taxes assessed by a municipality in excess of any state, county or special district tax upon the captured assessed value of property in the development district. See Maine Revised Statutes Title 30-A Sec. 5263
A municipality may receive grants or gifts for the purposes of this chapter. The tax increment within a development district may be used as the local match for certain grant programs. [PL 1993, c. 671, §2 (NEW).]
SECTION HISTORY
PL 1993, c. 671, §2 (NEW).