1. Annual financial report. The authority shall submit annually to the Governor, the Executive Director of the Legislative Council and the joint standing committee of the Legislature having jurisdiction over housing and economic development matters, not later than 120 days after the close of the authority’s fiscal year, a complete report on the activities of the authority. The report may also be provided to any other member of the Legislature and to any other person. The report must include all of the following for the previous year:
A. A description of the authority’s operations; [PL 2005, c. 599, §1 (NEW).]
B. An accounting of the authority’s receipts and expenditures, assets and liabilities at the end of its fiscal year; [PL 2005, c. 599, §1 (NEW).]
C. A listing of all property transactions pursuant to section 13083?K; [PL 2005, c. 599, §1 (NEW).]
D. An accounting of all activities of any special utility district formed under section 13083?L; [PL 2005, c. 599, §1 (NEW).]
E. A listing of any property acquired by eminent domain under section 13083?I; [PL 2005, c. 599, §1 (NEW).]
F. A listing of any bonds issued during the fiscal year under section 13083?I; [PL 2005, c. 599, §1 (NEW).]
G. A statement of the authority’s proposed and projected activities for the ensuing year; [PL 2009, c. 641, §6 (AMD).]
H. Recommendations regarding further actions that may be suitable for achieving the purposes of this article; and [PL 2009, c. 641, §7 (AMD).]
I. A description of the authority’s progress toward achieving the goals set forth in section 13083?G. [PL 2009, c. 641, §8 (NEW).]

[PL 2009, c. 641, §§6-8 (AMD).]

SECTION HISTORY

PL 2005, c. 599, §1 (NEW). PL 2009, c. 641, §§6-8 (AMD).

Terms Used In Maine Revised Statutes Title 5 Sec. 13083-S

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authority: means the Midcoast Regional Redevelopment Authority established in section 13083?G. See Maine Revised Statutes Title 5 Sec. 13083-H
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
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