Maine Revised Statutes Title 30-A Sec. 5355 – Cooperation in carrying out approved development plan
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes Title 30-A Sec. 5355
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Development plan: means a plan proposed by an educational institution of higher learning or a private redevelopment corporation for the redevelopment and renewal of a project area. See Maine Revised Statutes Title 30-A Sec. 5352
- Educational institution of higher learning: means an educational institution, no part of the net earnings of which inures to the benefit of any private shareholder or individual, which provides an educational program for which it awards a baccalaureate or more advanced degree, or provides for not less than a 2-year program which is acceptable for full credit towards such a degree. See Maine Revised Statutes Title 30-A Sec. 5352
- Hospital: means any public or private hospital licensed by the State, no part of the net earnings of which inures to the benefit of any private shareholder or individual. See Maine Revised Statutes Title 30-A Sec. 5352
- Municipal legislative body: means :
A. See Maine Revised Statutes Title 30-A Sec. 2001Municipality: means any municipality which is authorized under chapter 203, directly or through its urban renewal authority, to undertake and carry out redevelopment or renewal projects. See Maine Revised Statutes Title 30-A Sec. 5352 Private redevelopment corporation: means any corporation which is wholly owned or controlled by one or more educational institutions of higher learning or a corporation which operates on behalf of an educational institution on a nonprofit basis. See Maine Revised Statutes Title 30-A Sec. 5352 Project area: means a slum area or a blighted, deteriorated or deteriorating area. See Maine Revised Statutes Title 30-A Sec. 5352 United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
If the municipal legislative body approves a development plan for a project area, the municipality and its urban renewal authority may cooperate with the educational institution of higher learning, hospital or private redevelopment corporation in carrying out the approved development plan and, for that purpose, may contract with the educational institution, hospital or private redevelopment corporation for the exercise of any of the powers of the municipality and its urban renewal authority. Any municipality or its urban renewal authority, any state educational institution of higher learning and, when authorized by a city, any educational institution of higher learning or hospital established and maintained by any city may do all things and may take any actions that are necessary or desirable to ensure that it obtains credit as a local grant-in-aid for the aggregate amount of expenditures made by any such educational institution, hospital or redevelopment corporation which would be eligible under the United States Housing Act of 1949, Title I, as amended. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
SECTION HISTORY
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).