LD 346
pg. 1
An Act to Provide Clarification on the Use of Impact Fees
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LR 783
Item 1
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §4354, sub-§3
is enacted to read:
3.__Deposit fees in trust fund.
__Municipalities that are part
of a school administrative district or other single or
multicommunity school district may deposit collected impact fees
in a trust fund to be used to pay their proportionate share of
anticipated school capital costs.
SUMMARY
This bill clarifies that communities that are part of a school
administrative district or other single or multicommunity school
district may deposit the proceeds of school impact fees in a
trust fund to be used to pay their proportionate share of
anticipated school capital costs.
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