Maine § 13070-O. - Evaluation of economic development proposals
Full text of Maine Maine Revised Statutes § 13070-O. — Evaluation of economic development proposals, with citation guidance and answers to common questions.
§ 13070-O.. Evaluation of economic development proposals
1. Criteria. An economic development proposal must:
A. Have a program name that accurately describes the nature of the program; [PL 1999, c. 768, §5 (NEW).]
B. Have specific stated objectives, such as the number of jobs to be created or retained, the wage levels and benefits associated with those jobs or a project with significant value to the State or a community within the State; [PL 1999, c. 768, §5 (NEW).]
C. Specify a method to measure whether the objectives of the program have been met; [PL 1999, c. 768, §5 (NEW).]
D. Require that a business that receives benefits under the program report on the use of the benefits received; [PL 1999, c. 768, §5 (NEW).]
E. Require that the appropriate joint standing committee of the Legislature review the program at specific and regular intervals; [PL 1999, c. 768, §5 (NEW).]
F. Provide incentives for a business to meet objectives of the program and, when incentives are provided in anticipation of contractual performance, penalties for a business that does not meet the objectives of the program; [PL 2007, c. 434, §4 (AMD).]
G. Provide a cost analysis of the program based on at least a 10-year period; [PL 2007, c. 434, §5 (AMD).]
H. Have a clearly defined public purpose; [PL 2007, c. 434, §6 (NEW).]
I. In addition to standard data, report performance data specific to its goals and objectives annually to the entity that is assigned to coordinate the State's portfolio of economic development programs; and [PL 2007, c. 434, §7 (NEW).]
J. Require that a business that receives benefits under the program have a business statement that includes the requirements of section 13070‑J, subsection 2‑A. [PL 2017, c. 264, §12 (AMD).]
2. Review of criteria. The department shall review each economic development proposal and any information relevant to the proposal and shall report to the joint standing committee of the Legislature having jurisdiction over the proposal on the extent to which the proposal meets the criteria specified in subsection 1.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 13070-O.
What does Maine Revised Statutes § 13070-O. cover?
Section 13070-O. ("Evaluation of economic development proposals") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 13070-O.?
A common citation format is "Maine Revised Statutes § 13070-O." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 13070-O. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.