Maine § 700-A. - Additional municipal compensation
Full text of Maine Maine Revised Statutes § 700-A. — Additional municipal compensation, with citation guidance and answers to common questions.
§ 700-A.. Additional municipal compensation
1. Transfers to Disproportionate Tax Burden Fund. Pursuant to section 699, subsection 2 and in order to provide additional compensation to municipalities affected by property tax exemptions provided under this subchapter, the Treasurer of State shall make the following transfers as provided in section 700‑B to the Disproportionate Tax Burden Fund established in Title 30‑A, section 5681, subsection 3:
A. In fiscal year 2009-10, $2,000,000; [PL 2005, c. 623, §1 (NEW).]
B. In fiscal year 2010-11, $2,500,000; [PL 2005, c. 623, §1 (NEW).]
C. In fiscal year 2011-12, $3,000,000; [PL 2005, c. 623, §1 (NEW).]
D. In fiscal year 2012-13, $3,500,000; and [PL 2005, c. 623, §1 (NEW).]
E. In fiscal year 2013-14 and subsequent fiscal years, $4,000,000. [PL 2005, c. 623, §1 (NEW).]
Frequently Asked Questions About Maine § 700-A.
What does Maine Revised Statutes § 700-A. cover?
Section 700-A. ("Additional municipal compensation") 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 § 700-A.?
A common citation format is "Maine Revised Statutes § 700-A." (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 § 700-A. 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.