Maine Revised Statutes > Title 33 > Chapter 15 – Trusts
Current as of: 2023 | Check for updates
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Other versions
| § 851 | Trust in lands requires writing |
| § 851-A | Conveyances to or from trusts without naming trustee |
| § 852 | Titles not defeated by trusts without notice or record |
Terms Used In Maine Revised Statutes > Title 33 > Chapter 15 - Trusts
- Captured assessed value: means the valuation amount by which the current assessed value of a pulp and paper tax increment financing district exceeds the original assessed value of the district. See Maine Revised Statutes Title 30-A Sec. 5263
- Commissioner: means the Commissioner of Economic and Community Development. See Maine Revised Statutes Title 30-A Sec. 5263
- Designee: means a business engaged in the pulp and paper industry that is selected by a municipality as a partner in a development district. See Maine Revised Statutes Title 30-A Sec. 5263
- 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
- Development program: means a statement of means and objectives designed to improve and modernize the manufacturing facilities and related structures and equipment within the development district. See Maine Revised Statutes Title 30-A Sec. 5263
- Environmental improvement project: means a capital investment necessary to comply with the requirements of federal regulation finally adopted by the United States Environmental Protection Agency pursuant to its rulemaking initiated on December 17, 1993; Federal Register, Vol. See Maine Revised Statutes Title 30-A Sec. 5263
- Financial plan: means a statement of the costs and sources of revenue required to accomplish the development program. See Maine Revised Statutes Title 30-A Sec. 5263
- Grantee: means the person to whom a freehold estate or interest in land is conveyed. See Maine Revised Statutes Title 1 Sec. 72
- Grantor: The person who establishes a trust and places property into it.
- Grantor: means the person who conveys a freehold estate or interest in land. See Maine Revised Statutes Title 1 Sec. 72
- Jail: means a county or regional jail. See Maine Revised Statutes Title 17-A Sec. 2301
- Municipal legislative body: means :
A. See Maine Revised Statutes Title 30-A Sec. 2001Municipality: means a city or town, except as provided in chapter 225. See Maine Revised Statutes Title 30-A Sec. 2001 Original assessed value: means the assessed value of the development district as of March 31st of the preceding tax year. See Maine Revised Statutes Title 30-A Sec. 5263 Personal property: All property that is not real property. project costs: includes , but is not limited to:
(1) Capital costs, including, but not limited to:
(a) The actual costs of the construction of public works or improvements, new buildings, structures and fixtures;
(b) The demolition, alteration, remodeling, repair or reconstruction of existing buildings, structures and fixtures;
(c) The acquisition of equipment; and
(d) The clearing and grading of land;
(2) Financing costs, including, but not limited to, all interest paid to holders of evidences of indebtedness issued to pay for project costs and any premium paid over the principal amount of that indebtedness because of the redemption of the obligations before maturity;
(3) Real property assembly costs, meaning a deficit incurred resulting from the sale or lease as lessor by the municipality of real or personal property within a development district for consideration that is less than its cost to the municipality;
(4) Professional service costs, including, but not limited to, those costs incurred for architectural, planning, engineering and legal advice and services;
(5) Administrative costs, including, but not limited to, reasonable charges for the time spent by municipal employees in connection with the implementation of a project plan;
(6) Relocation costs, including, but not limited to, those relocation payments made following condemnation;
(7) Organizational costs, including, but not limited to, the costs of conducting environmental impact and other studies and the costs of informing the public about the creation of development districts and the implementation of project plans;
(8) Payments made, in the discretion of the local legislative body, that are found to be necessary or convenient to the creation of development districts or the implementation of project plans;
(9) That portion of the costs related to the construction or alteration of sewage treatment plants, water treatment plants or other environmental protection devices, storm or sanitary sewer lines or water lines, the rebuilding or expansion of which is required by the project plan for a development district, whether or not the construction, alteration, rebuilding or expansion is within the development district;
(10) Training costs, including, but not limited to, those costs associated with providing skills development and training for employees of businesses within the development district. See Maine Revised Statutes Title 30-A Sec. 5263Pulp and paper industry: means any industrial activity currently described by the United States Office of Management and Budget under Standard Industrial Classification 261, 262 or 263 or those activities classified under classification 2679 that press or mold wood pulp or recycled fiber to make products, including, without limitation, any activity regarding the treatment, recycling or disposal of wastewater, air emissions, solid residues or other related manufacturing by-products. See Maine Revised Statutes Title 30-A Sec. 5263 Pulp and paper tax increment financing district: means a type of development district, or portion of a district, that uses tax increment financing under section 5265. See Maine Revised Statutes Title 30-A Sec. 5263 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Sentence of imprisonment: means :
A. See Maine Revised Statutes Title 17-A Sec. 2301Sewage: means the water-carried wastes created in and carried or to be carried away from any structure together with any surface or ground water or household and industrial waste that is present. See Maine Revised Statutes Title 30-A Sec. 2001 Statute of limitations: A law that sets the time within which parties must take action to enforce their rights. 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 tax increment financing district: means a pulp and paper tax increment financing district. See Maine Revised Statutes Title 30-A Sec. 5263