Title 5

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2001, c. 703, §6 (NEW).] 1. Carrying costs. "Carrying costs" means reasonable costs incurred for the maintenance, protection and security of a speculative indu…

1. Administrative responsibilities. The authority is responsible for the administration of the: A. Speculative industrial building program, pursuant to section 13120‑N; [PL 2005, c. 425, §12 (AMD).] B. Commercial Facilities Development Program, established under section 13120‑P; …

1. Membership. The authority is governed by a board of trustees comprised of 7 voting members as follows: A. Five members appointed by the Governor and subject to review by the joint standing committee of the Legislature having jurisdiction over economic development matters and t…

The authority, the department and the Finance Authority of Maine may enter into such agreements as the board of trustees determines to be in the best interests of the State for the authority to acquire, construct, maintain, operate and dispose of any or all facilities funded from…

The authority may receive and accept from any source allocations, appropriations, loans, grants and contributions of money or other things of value to be held, used or applied to carry out this subchapter, subject to the conditions upon which the loans, grants and contributions m…

All real and personal property owned by and in the name of the authority is property of the State and entitled to the privileges and exemptions of property of the State, except insofar as waived by the duly authorized contract or other written instrument of the authority or by th…

Notwithstanding any other provision of law, for the purposes of this subchapter, transactions and property of the authority must be treated as follows. [PL 2001, c. 703, §6 (NEW).] 1. Revenue obligation securities; exemption from taxation. Revenue obligation securities of the aut…

1. Authorization. The authority may provide by resolution for the issuance of bonds for the purpose of funding the Speculative Industrial Buildings Fund, or any successor to the fund, for the construction of proposed commercial facilities and improvement of existing or acquired c…

1. Acquisition of interest. A member of the board of trustees or employee of the authority may not acquire or hold a direct or an indirect personal financial interest in: A. An authority activity; [PL 2001, c. 703, §6 (NEW).] B. Property or facilities included, planned to be incl…

1. Report. The authority shall submit to the Governor, the President of the Senate, the Speaker of the House of Representatives and the joint standing committee of the Legislature having jurisdiction over economic development matters, not later than 120 days after the close of it…

Pursuant to chapter 375, the authority may adopt any rule, including its bylaws, necessary or useful for carrying out any of its powers or duties. Rules adopted pursuant to this section are routine technical rules as defined in chapter 375, subchapter II‑A.

1. Disclosure required. Notwithstanding subsections 2 and 3, the following must be made available to any person upon request reasonably describing the records to which access is sought or, if no request is made, in any manner and at any time that the authority may determine: A. A…

The authority may assist a municipality or local development corporation to construct a speculative industrial building by loaning the municipality or local development corporation money for construction or carrying costs or both for the project, subject to the following. [PL 200…

1. Establishment; purpose. The Commercial Facilities Development Program is established within the authority to serve the following purposes: A. Restore employment opportunities by serving as principal, partner, lender or investor in the acquisition and redevelopment of nonproduc…

The authority, with the advice of the department, the Department of Labor and such other agencies it determines appropriate, may waive the requirements of section 13120‑P, subsection 2, paragraph E and section 13120‑P, subsection 3, paragraph E if the municipality has experienced…

1. Establishment; purpose. The Rural Manufacturing and Industrial Site Redevelopment Program is established within the authority to provide technical assistance, planning grants and implementation grants for the rehabilitation, revitalization and marketing of manufacturing and in…

By January 1, 2018 and annually thereafter, the authority, in consultation with the Office of Business Development within the department, shall make or require an inventory to be made of all nonproductive industrial or manufacturing sites in the State that are available for redev…

1. Institute established. The Maine Workforce, Research, Development and Student Achievement Institute, as established in Title 5, section 12004‑I, subsection 6‑I and referred to in this subchapter as "the institute," is established to collect and analyze information related to w…