§13070-K. Economic development incentive contract
If the commissioner enters into a contractual relationship with a business regarding the provision of an economic development incentive in return for the business's agreement to locate, expand or retain its facilities in the State, that contract must contain a statement of the State's expected public benefit from its investment of public funds. [PL 2001, c. 481, §3 (AMD).]
SECTION HISTORY
PL 1997, c. 761, §2 (NEW). PL 2001, c. 481, §3 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 18-A: ECONOMIC AND COMMUNITY DEVELOPMENT
Chapter 383: ECONOMIC AND COMMUNITY DEVELOPMENT
Subchapter 2: BUSINESS DEVELOPMENT
Article 6: RETURN ON PUBLIC INVESTMENT FROM ECONOMIC DEVELOPMENT INCENTIVES
5 §13070-J. Business disclosure associated with eligibility for public subsidies and incentives
5 §13070-K. Economic development incentive contract
5 §13070-L. Economic Development Incentive Commission (REPEALED)
5 §13070-N. Maine Technology Institute Director (REALLOCATED TO TITLE 5, SECTION 15310) (REPEALED)
5 §13070-O. Evaluation of economic development proposals
5 §13070-P. Comprehensive evaluation of state investments in economic development