Title 30-A: MUNICIPALITIES AND COUNTIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Part 2: MUNICIPALITIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Subpart 8: DEVELOPMENT HEADING: PL 1987, C. 737, PT. A, §2 (NEW)
Chapter 206: DEVELOPMENT DISTRICTS (HEADING: PL 2001, C. 669, §1 (NEW))
Subchapter 1: DEVELOPMENT DISTRICTS FOR MUNICIPALITIES AND PLANTATIONS (HEADING: PL 2001, C. 669, §1 (NEW))
§5221. Findings and declaration of necessity
1.Legislative finding.
The Legislature finds that there is a need for new development in areas of municipalities and plantations to:
A. Provide new employment opportunities; [2001, c. 669, §1 (NEW).]
B. Improve and broaden the tax base; and [2001, c. 669, §1 (NEW).]
C. Improve the general economy of the State. [2001, c. 669, §1 (NEW).]
[
2011, c. 101, §1 (AMD)
.]
2.Authorization.
For the reasons set out in subsection 1, municipalities and plantations may develop a program for improving a district of the municipality or plantation:
A. To provide impetus for industrial, commercial, transit-oriented or arts district development, or any combination; [2009, c. 314, §1 (AMD).]
B. To increase employment; and [2001, c. 669, §1 (NEW).]
C. To provide the facilities outlined in the development program adopted by the legislative body of the municipality or plantation. [2011, c. 101, §2 (AMD).]
[
2011, c. 101, §2 (AMD)
.]
3.Declaration of public purpose.
It is declared that the actions required to assist the implementation of development programs are a public purpose and that
the execution and financing of these programs are a public purpose.
[
2001, c. 669, §1 (NEW)
.]
SECTION HISTORY
2001, c. 669, §1 (NEW).
2007, c. 413, §1 (AMD).
2009, c. 314, §1 (AMD).
2011, c. 101, §§1, 2 (AMD).
Data for this page extracted on 10/16/2012 08:32:33.