| | | B.__Account for any sales of property within the district; | | and |
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| | | C.__Certify that rental units within the affordable housing | | development district have remained affordable. |
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| | | 2.__Recovery of public funds.__The authority shall develop by | | rule provisions for recovery of public revenue if conditions for | | approval of an affordable housing development district are not | | maintained for the duration of the district. Rules adopted by the | | authority pursuant to this subsection must be submitted to the | | Legislature in accordance with Title 5, chapter 375, subchapter | | 2-A. |
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| | | The legislative body of a municipality may create an advisory | | board, a majority of whose members must be owners or occupants of | | real property located in or adjacent to the affordable housing | | development district they serve. The advisory board shall advise | | the legislative body on the planning and implementation of the | | affordable housing development program, the construction of the | | district and the maintenance and operation of the district after | | the program has been completed. |
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| | | §5250-G.__Unorganized territory |
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| | | For the purposes of this subchapter, a county may act as a | | municipality for the unorganized territory within the county and | | may designate affordable housing development districts within the | | unorganized territory. When a county acts under this section, the | | county commissioners act as the municipality and as the municipal | | legislative body, the State Tax Assessor acts as the municipal | | assessor and the unorganized territory fund receives the funds | | designated for the municipal general fund. |
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| | | Sec. 2. 36 MRSA §305, sub-§1, as amended by PL 1995, c. 462, Pt. A, | | §67, is further amended to read: |
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| | | 1. Just value. Certify to the Secretary of State before the | | first day of February the equalized just value of all real and | | personal property in each municipality and unorganized place that | | is subject to taxation under the laws of this State, except that | | percentage of captured assessed value located within a tax | | increment financing district that is used to finance that | | district's development plan, the captured assessed value located | | within a municipal affordable housing development district and | | the valuation amount by which the current assessed value of | | commercial and industrial property within a municipal incentive |
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