LD 1385
pg. 5
Page 4 of 10 An Act To Establish the Pine Tree Development Zones Program Page 6 of 10
Download Bill Text
LR 2032
Item 1

 
within the boundaries of the municipality or municipalities in
accordance with the requirements of this subchapter.__The
designation of a Pine Tree Development Zone may not conflict
with the provisions of a municipal charter.__Zones that meet the
requirements of subsection 2 are authorized for location within
the following regions:

 
A.__Aroostook County, including up to 100 acres of trust
land reserved for designation by the Aroostook Band of
Micmacs and the Houlton Band of Maliseet Indians;

 
B.__The Androscoggin Valley region, including the Lewiston
Enterprise Community area as designated by the
Agriculture, Rural Development, Food and Drug
Administration, and Related Agencies, Appropriations Act,
Public Law 105-277 (1999);

 
C.__The Penobscot Valley region, including up to 500 acres
of trust land reserved for designation by the Penobscot
Nation; and

 
D.__The Washington County-Downeast region, including up to
500 acres of trust land reserved for designation by the
Passamaquoddy Tribe.

 
The commissioner may designate up to 4 zones through the
process established in section 5249.

 
2.__Requirements for designation.__The commissioner shall
adopt rules establishing the minimum requirements for the
designation of Pine Tree Development Zones.__Additionally,
each participating municipality must:

 
A.__Designate the area of the Pine Tree Development Zone
lying within its corporate limits as a municipal
development district in which 10 years of municipal tax
increment financing is provided to qualified Pine Tree
Development Zone businesses equal to at least 100% of the
real property tax increment resulting from the business's
investment within the district following the district's
designation; and

 
B.__Agree to maintain at least one prepermitted
construction or development site available within the Pine
Tree Development Zone on a continual basis throughout the
term of the zone.

 
3.__Limitations.__The designation of Pine Tree Development
Zones is subject to the following limitations:

 
A.__A Pine Tree Development Zone located in Aroostook County
as described__in subsection 1, paragraph A may include only


Page 4 of 10 Top of Page Page 6 of 10