LD1621

This bill allows municipalities to use tax increment financing revenues for lake restoration and protection projects.

The bill amends the Maine Revised Statutes to expand the allowable uses of tax increment financing revenues. Specifically, it permits municipalities to allocate these revenues for lake restoration and protection activities, including alum treatments, invasive aquatic plants monitoring, erosion control programs, and providing matching funds for grant projects. This change aims to support local efforts in preserving and enhancing the quality of lakes within the municipality.