30-A §5250-H. Findings and declaration of necessity

Title 30-A: MUNICIPALITIES AND COUNTIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

Part 2: MUNICIPALITIES HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

Subpart 8: DEVELOPMENT HEADING: PL 1987, C. 737, PT. A, §2 (NEW)

Chapter 206: DEVELOPMENT DISTRICTS (HEADING: PL 2001, C. 669, §1 (NEW))

Subchapter 4: PINE TREE DEVELOPMENT ZONES HEADING: PL 2003, C. 688, PT. D, §2 (NEW)

§5250-H. Findings and declaration of necessity

1. Legislative finding. The Legislature finds that there is a need to encourage development in economically distressed areas of the State in order to:

A. Provide new employment opportunities; [2003, c. 688, Pt. D, §2 (NEW).]

B. Improve existing employment opportunities; [2003, c. 688, Pt. D, §2 (NEW).]

C. Improve and broaden the tax base; and [2003, c. 688, Pt. D, §2 (NEW).]

D. Improve the general economy of the State. [2003, c. 688, Pt. D, §2 (NEW).]

[ 2003, c. 688, Pt. D, §2 (NEW) .]

2. Authorization. For the reasons set out in subsection 1, a unit of local government, or 2 or more cooperating units of local government, may develop a program for improving a district within its collective boundaries:

A. To provide impetus for targeted business development; [2003, c. 688, Pt. D, §2 (NEW).]

B. To increase employment; and [2003, c. 688, Pt. D, §2 (NEW).]

C. To provide the facilities outlined in the development program adopted by the participating units of local government. [2003, c. 688, Pt. D, §2 (NEW).]

[ 2003, c. 688, Pt. D, §2 (NEW) .]

3. Declaration of public purpose. The Legislature declares that the actions required to assist the implementation of these development programs are a public purpose and that the execution and financing of these programs are a public purpose.

[ 2003, c. 688, Pt. D, §2 (NEW) .]

SECTION HISTORY

2003, c. 688, §D2 (NEW).