US Lawyer Database

30-A §5250-D. Bond financing

§5250-D. Bond financing The legislative body of a municipality may authorize, issue and sell bonds, including but not limited to general obligation or revenue bonds or notes, that mature within 30 years from the date of issue to finance all project costs needed to carry out the affordable housing development program within the affordable housing […]

30-A §5250-E. Administration

§5250-E. Administration 1.  Reports.  The legislative body of a municipality must report annually to the director regarding the status of an affordable housing development district. The report must:   A. Certify that the public purpose of the affordable housing district, as outlined in this subchapter, is being met;   [PL 2003, c. 426, §1 (NEW).] […]

30-A §5250-F. Advisory board

§5250-F. Advisory board The legislative body of a municipality may create an advisory board, a majority of whose members must be owners or occupants of real property located in or adjacent to the affordable housing development district they serve. The advisory board shall advise the legislative body on the planning and implementation of the affordable […]

30-A §5250-G. Unorganized territory

§5250-G. Unorganized territory For the purposes of this subchapter, a county may act as a municipality for the unorganized territory within the county and may designate affordable housing development districts within the unorganized territory. When a county acts under this section, the county commissioners act as the municipality and as the municipal legislative body, the […]

30-A §5248. Procedure (REPEALED)

§5248. Procedure (REPEALED) SECTION HISTORY PL 2003, c. 451, §NNN2 (NEW). PL 2003, c. 610, §1 (AMD). PL 2003, c. 688, §D1 (RP).

30-A §5246. Definitions

§5246. Definitions As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2003, c. 426, §1 (NEW).] 1.  Affordable housing.  “Affordable housing” means a decent, safe and sanitary dwelling, apartment or other living accommodation for a household whose income does not exceed 120% of the median […]