Maine Revised Statutes Title 38 Sec. 2175-A – Property value offset
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Terms Used In Maine Revised Statutes Title 38 Sec. 2175-A
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- Bureau: means the Bureau of General Services within the Department of Administrative and Financial Services as authorized pursuant to Title 5, section 1742. See Maine Revised Statutes Title 38 Sec. 2101-A
- Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
Owners of property, the value of which has been affected by a solid waste disposal facility, are eligible for reimbursement from the bureau for loss in property value directly attributable to the construction and operation of the facility. The bureau shall adopt rules to establish the formula and procedure for reimbursement, including, without limitation, definition of the impact area, a process for establishing baseline real estate values, a time frame within which the property value offset program will be in effect and an accounting of real estate trends in the area. [PL 2011, c. 655, Pt. GG, §56 (AMD); PL 2011, c. 655, Pt. GG, §70 (AFF).]
SECTION HISTORY
PL 1991, c. 794, §7 (NEW). RR 1993, c. 1, §137 (COR). PL 1993, c. 310, §B9 (AMD). PL 1995, c. 656, §A55 (AMD). PL 2011, c. 655, Pt. GG, §56 (AMD). PL 2011, c. 655, Pt. GG, §70 (AFF).