LD 1339
pg. 4
Page 3 of 4 PUBLIC Law Chapter 367 LD 1339 Title Page
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LR 923
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The authority may lease, sell or transfer property or
interests in property to a local development corporation or other
entity determined by the trustees to be eligible to take
ownership and possession of the property or interests in property
to accomplish the readjustment or reuse of the facilities owned
by the authority. A person may not hold any pecuniary interest
in property owned by the authority while that person is a member
of the board of trustees.

 
Sec. 7. Staggered terms. Notwithstanding the Maine Revised Statutes,
Title 5, section 13083-C, subsection 3, of the 4 new members of
the board of trustees of the Washington County Development
Authority appointed pursuant to this Act, one trustee is
appointed to a one-year term, one trustee is appointed to a 2-
year term, one trustee is appointed to a 3-year term and one
trustee is appointed to a 4-year term.


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