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An Act To Provide for Cooperation between Municipalities with Tax Increment Financing Districts
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  30-A MRSA §5225, sub-§4  is enacted to read:
 
4.  Sharing authorized project costs.     Contiguous municipalities with separate development districts may share the project costs authorized under subsection 1 for the same project if:
 
A.  The same project costs related to that specific project are included in each municipality's development program; and
 
B.  Each municipality indicates that the project costs specified in paragraph A are potentially shared project costs with the contiguous municipality.
 
SUMMARY
This bill allows contiguous municipalities with separate development districts to share the costs for a project that is authorized for inclusion in a development program.