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by the deorganization. These assets and liabilities include, but | | are not limited to, outstanding bonds, notes and any other | | contractual obligations that extend beyond the proposed date of | | deorganization. The service of all bonded indebtedness or other | | debt backed by a pledge of the full faith and credit duly | | authorized by the legal voters of the deorganizing municipality | | prior to deorganization remains the responsibility of the residents | | of the municipality and may not be transferred in whole or in part | | to the residents of a geographic area outside the boundaries of the | | deorganizing municipality unless that debt is properly reissued. |
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| | | A. The commission is responsible for determining these | | assets and liabilities and incorporating these provisions in | | the deorganization procedure. |
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| | B. Distribution of these assets and liabilities shall | | be in accordance with chapter 303. |
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| | | Sec. 3. 30-A MRSA §7205, sub-§7 is enacted to read: |
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| | | 7.__Fiscal impact assessment.__The municipality seeking to | | deorganize shall prepare a report that identifies and analyzes | | the service and tax burden effects on the deorganizing | | municipality, surrounding municipalities and the unorganized | | territory that is associated with the deorganization.__The report | | must include: |
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| | | A.__The principal reason or reasons the inhabitants of the | | municipality are considering deorganization; |
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| | | B.__An assessment of the government services being provided | | to the residents of the deorganizing municipality, including | | education, water and sewer service, fire protection, police | | protection, street improvements and maintenance, | | administrative services and recreational facilities and the | | effect deorganization will have on the provision of those | | services to the residents of the deorganizing municipality; |
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| | | C.__An inventory of the municipally owned assets and a | | complete accounting of the municipality's debt and the | | financial plan for retiring that debt; |
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| | | D.__ The fiscal and service delivery effects of | | deorganization on surrounding municipalities, special | | districts, the county and the communities within the county, | | including the unorganized territory; and |
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| | | E.__ Any alternatives to deorganization that have been | | considered to address the cause of the deorganization | | effort. |
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