§5154. Maine Redevelopment Land Bank Authority established; purpose
The Maine Redevelopment Land Bank Authority, as established in Title 5, section 12004‑G, subsection 7‑G and referred to in this chapter as "the redevelopment authority," is a body corporate and politic and a public instrumentality of the State.
[PL 2021, c. 664, §3 (NEW).]
The purpose of the redevelopment authority is to assist municipalities and other entities in this State in the redevelopment of properties identified as eligible under section 5157, subsection 1 in order to return those properties to productive use.
[PL 2021, c. 664, §3 (NEW).]
The purposes of this chapter are public and the redevelopment authority is performing a governmental function in carrying out this chapter.
[PL 2021, c. 664, §3 (NEW).]
SECTION HISTORY
PL 2021, c. 664, §3 (NEW).