LD 202
pg. 1
LD 202 Title Page An Act To Make Certain Housing an Acceptable Use of Tax Increment Financing ... Page 2 of 2
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LR 1065
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 30-A MRSA §5221, sub-§2, ¶B, as enacted by PL 2001, c. 669,
§1, is amended to read:

 
B. To increase employment and affordable housing; and

 
Sec. 2. 30-A MRSA §5222, sub-§7, as enacted by PL 2001, c. 669, §1,
is amended to read:

 
7. Development program. "Development program" means a
statement of means and objectives designed to provide new
employment opportunities or affordable housing, retain
existing employment, improve or broaden the tax base,
construct or improve the physical facilities and structures or
improve the quality of pedestrian and vehicular
transportation, as described in section 5224, subsection 2.

 
Sec. 3. 30-A MRSA §5225, sub-§1, ¶¶C and D, as enacted by PL 2001, c.
669, §1, are amended to read:

 
C. Costs related to economic development, environmental
improvements or employment training within the
municipality, including, but not limited to:

 
(1) Costs of funding economic development programs
or events developed by the municipality or funding
the marketing of the municipality as a business
location;

 
(2) Costs of funding environmental improvement
projects developed by the municipality for commercial
use or related to commercial activities;

 
(3) Funding to establish permanent economic
development revolving loan funds or investment funds;

 
(4) Costs of services to provide skills development
and training for residents of the municipality.
These costs may not exceed 20% of the total project
costs and must be designated as training funds in the
development program; and

 
(5) Quality child care costs, including finance costs
and construction, staffing, training, certification
and accreditation costs related to child care; and

 
D. Costs of constructing or improving facilities or
buildings used by State Government that are located in
approved downtown tax increment financing districts.; and


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