H.P. 253 - L.D. 317
An Act Relating to the State Valuation of the Town of Corinna
Mandate Preamble. This measure requires one or more local units of government to expand or modify activities so as to necessitate additional expenditures from local revenues, but does not provide funding for at least 90% of those expenditures. Pursuant to the Constitution of Maine, Article IX, Section 21, two thirds of all of the members elected to each House have determined it necessary to enact this measure.
Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the Town of Corinna faces serious fiscal difficulties as a result of the closing of Eastland Woolen Mills and its affect on the tax base; and
Whereas, the valuation of the Town of Corinna needs to be adjusted before school subsidies, state-municipal revenue sharing and the county tax assessment are established before June 30, 1997; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. Modify 1997 and 1998 state valuations. Notwithstanding any other provision in the Maine Revised Statutes, Title 36, the 1997 and 1998 state valuations for the Town of Corinna for the purposes of calculating county taxes, school subsidies and state-municipal revenue sharing must be based on a valuation that values the property of Eastland Woolen Mills in the Town of Corinna at $0.
Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.
Effective May 16, 1997.
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