19- 100 C.M.R. ch. 2, § 3

Current through 2024-51, December 18, 2024
Section 100-2-3 - DEPARTMENT REVIEW PROCEDURES
A. PULP AND PAPER TAX INCREMENT FINANCING DISTRICT

Applications for designation of a pulp and paper tax increment financing district will be reviewed by the Department, subject to the following provisions:

1. Completed applications will be reviewed in the order in which they are received.
2. Completed applications must contain current information regarding assessed values as of March 31 immediately preceding the date of receipt by the Department.
3. Prior to issuing a Certificate of Approval, the Commissioner must determine that the application is complete and that the revenues projected to be generated by the proposed district, together with such other sources of revenue as are identified in the application, appear to be sufficient to pay for the costs to be incurred in implementing the district, and that the application otherwise conforms to these regulations and the law. The Commissioner must either (a) confirm the Certified Elements included in the project under the certification by rule provisions of the Maine Department of Environmental Protection Regulations to be adopted, or (b) have received written notification from the Commissioner of Environmental Protection identifying those elements of a development program that constitute Certified Elements.
4. The Department will complete its review of completed applications within thirty working days of submission. Successful applicants will receive a Certificate of Approval in accord with Section 4. Unsuccessful applicants will receive written explanation of the reason for denial.

19- 100 C.M.R. ch. 2, § 3