30-A §5730. Historic and scenic preservation
§5730. Historic and scenic preservation Pursuant to the Constitution of Maine, Article IX, Section 8, Subsection 5, a municipality may raise or appropriate money to reimburse taxpayers for a portion of taxes paid under Title 36, Part 2 on real property if the property owner agrees to maintain the property in accordance with criteria that […]
30-A §5751. Purpose
§5751. Purpose It is the purpose of this subchapter to increase the likelihood of orderly development and to provide an incentive for coordinated multi-community economic development by permitting 2 or more communities to share their tax base. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL […]
30-A §5752. Tax base sharing agreement
§5752. Tax base sharing agreement 1. Agreement. Any 2 or more municipalities may, by a vote of their legislative bodies, enter into an agreement to share all or a specific part of the commercial, industrial or residential assessed valuation located within their respective communities. Municipalities that vote to enter into an agreement pursuant to this […]
30-A §5717. Retention of unauthorized securities
§5717. Retention of unauthorized securities Municipalities may acquire and hold securities not authorized by law, but which have been acquired in settlements, reorganizations, recapitalizations, mergers, consolidations, by receipt of stock dividends or the exercise of rights applicable to securities held by the municipalities and may continue to hold these securities at the discretion of the […]
30-A §5683. Property tax relief
§5683. Property tax relief 1. Scope. This section establishes a revenue-sharing program that distributes surplus funds from the General Fund during times of prosperity to municipalities experiencing an inordinate amount of growth. The revenue-sharing funds are specifically dedicated to assisting these municipalities in meeting the unusually high costs associated with the capital construction and infrastructure […]
30-A §5718. Standard of prudence
§5718. Standard of prudence All investments made under this subchapter must be made with the judgment and care that persons of prudence, discretion and intelligence, under circumstances then prevailing, exercise in the management of their own affairs, not for speculation but for investment, considering: [PL 1995, c. 206, §2 (NEW).] 1. Safety. The safety […]
30-A §5684. Funding for mandated programs (REPEALED)
§5684. Funding for mandated programs (REPEALED) SECTION HISTORY PL 1989, c. 922 (NEW). PL 1991, c. 847, §4 (AMD). PL 1993, c. 28, §1 (RP).
30-A §5719. Limitations on investments
§5719. Limitations on investments A municipality’s authority to invest municipal funds is limited to investments permitted under this subchapter and a municipality has no authority under home rule authority or otherwise to make any investments other than those permitted under this subchapter. [PL 1995, c. 206, §2 (NEW).] SECTION HISTORY PL 1995, c. 206, […]
30-A §5685. Funding for required activities
§5685. Funding for required activities 1. Definitions. As used in this section and in the Constitution of Maine, Article IX, Section 21, unless the context otherwise indicates, the following terms have the following meanings. A. “Local revenues” means revenues generated by local units of government, including property taxes, other locally levied taxes and user […]
30-A §5721. General authority
§5721. General authority A municipality may raise or appropriate money for any public purpose, including, but not limited to, the purposes specified in sections 5722 to 5728. [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); […]