30-A §5404. Issuance of revenue bonds
§5404. Issuance of revenue bonds 1. Balloting for bonds. Subject to the restriction set forth in paragraph A, the municipal officers of any municipality with a population of 1,000 or more according to the most recent Federal Decennial Census may provide by resolution, at one time or from time to time, for the issuance of […]
30-A §5282. Municipal incentive development zones
§5282. Municipal incentive development zones Municipal incentive development zones may be established to assist municipalities in encouraging private investment in industrial and commercial projects through the provision of public infrastructure necessary for improvements. Improvements and investments must provide new employment opportunities, improve and broaden the tax base and improve the general economy of the State. […]
30-A §5405. Revenues
§5405. Revenues 1. General. The municipal officers shall fix the schedule of rates, fees and other charges for the use of, and for the services furnished or to be furnished by any revenue-producing municipal facility. The municipal officers may revise this schedule of rates, fees and charges from time to time. These rates, fees and […]
30-A §5283. Municipal incentive development zones; procedures
§5283. Municipal incentive development zones; procedures 1. Procedures for establishment of zones. The municipal legislative body shall comply with the following procedures in establishing municipal incentive development zones. A. The municipal legislative body may establish municipal incentive development zones within the boundaries of the municipality by majority vote at a duly called meeting: […]
30-A §5406. Collection of revenue-producing facilities’ charges
§5406. Collection of revenue-producing facilities’ charges Any resolution providing for the issuance of revenue bonds for a revenue-producing municipal facility under this chapter, or the trust agreement securing the bonds, may include any or all of the following provisions and may require the municipal officers to adopt any resolutions or take any other lawful action […]
30-A §5284. Tax shifts
§5284. Tax shifts The municipal assessor shall certify, as of the date of approval of the municipal incentive development zone, the assessed value of all commercial and industrial property located within the zone as of the date of approval of the zone by the Commissioner of Economic and Community Development. During the term of the […]
30-A §5407. Application of revenues; annual report
§5407. Application of revenues; annual report 1. Use of revenues. The resolution authorizing the issuance of revenue bonds under this chapter, or any trust agreement securing the bonds, may provide that all or a sufficient amount of the revenues derived from the revenue-producing municipal facility, including any portion of the facility financed with revenue bonds […]
30-A §5285. Agreements between municipalities
§5285. Agreements between municipalities Municipalities may jointly create municipal incentive development zones that encompass property located within the boundaries of the municipalities. The municipalities may enter into agreements with each other allocating the economic benefit resulting from the creation of the zones. [PL 1993, c. 696, §3 (NEW).] SECTION HISTORY PL 1993, c. 696, […]
30-A §5286. Declaration of public purpose
§5286. Declaration of public purpose The actions required to assist the establishment of municipal incentive development zones, including implementation of the applicable infrastructure improvement plans, and the execution and financing of these plans, are a public purpose. [PL 1993, c. 696, §3 (NEW).] SECTION HISTORY PL 1993, c. 696, §3 (NEW).
30-A §5301. Definitions
§5301. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 […]