Maine § 949. - Disbursement of excess funds
Full text of Maine Maine Revised Statutes § 949. — Disbursement of excess funds, with citation guidance and answers to common questions.
§ 949.. Disbursement of excess funds
1. Authorization to adopt ordinance. A municipality that obtains title to property acquired under the operation of this article may, by ordinance, disburse to the former owner the excess of any funds received from the disposition of that property. The ordinance must contain standards governing the disbursement of the excess of any funds and the procedures that protect the interests of the taxpayers of the municipality.
2. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Excess of any funds" means the amount obtained by the municipality for the disposition of the property less:
(2) The municipality's cost of the lien and foreclosure process;
(3) The municipality's cost of maintaining and disposing of the property; and
(4) Unpaid sewer, water or other charges and fees imposed by the municipality or a quasi-governmental authority. [PL 2015, c. 53, §1 (NEW).]
B. "Former owner" means a party named on a tax lien mortgage at the time of the levy of a tax lien or that party's successors, heirs or assigns. [PL 2015, c. 53, §1 (NEW).]
3. Unorganized territory. The obligations of a municipality under this section apply to the State with regard to property in the unorganized territory. The State Tax Assessor may adopt routine technical rules providing for the disbursement of the excess of any funds received from the disposition of property in the unorganized territory for nonpayment of taxes under chapter 115.
4. Application. An ordinance or rule adopted under this section may apply to sales of property acquired through the tax lien and foreclosure process occurring on or after January 1, 2015.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 949.
What does Maine Revised Statutes § 949. cover?
Section 949. ("Disbursement of excess funds") 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 § 949.?
A common citation format is "Maine Revised Statutes § 949." (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 § 949. 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.