LD 1916
pg. 37
Page 36 of 49 PUBLIC Law Chapter 688 Page 38 of 49
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LR 2678
Item 1

 
4.__Application.__An application for designation of a Pine
Tree Development Zone must include, but is not necessarily
limited to, the following:

 
A.__A narrative description of the Pine Tree Development
Zone to be designated;

 
B.__Maps and any other information necessary to clearly
identify the geographic boundaries of the Pine Tree
Development Zone and any subzones it may include;

 
C.__Evidence that the Pine Tree Development Zone meets the
requirements of subsection 3;

 
D.__Any information evidencing economic distress; and

 
E.__A development plan that includes:

 
(1) Documentation of all municipal commitments required
under subsection 2;

 
(2) A description of how the Pine Tree Development Zone
will be administered, including any related interlocal
cooperative agreements;

 
(3) A description of the goals and objectives to be
accomplished through the Pine Tree Development Zone;

 
(4) A description of the resources to be committed to
the Pine Tree Development Zone by the applicant or
applicants; and

 
(5) Plans for accomplishing the goals and objectives,
including a marketing plan and related time line and
milestones.

 
5.__Termination.__All Pine Tree Development Zone designations
approved under this subchapter and all Pine Tree Development Zone
benefits are terminated on December 31, 2018.

 
§5250-K.__Procedure

 
1.__Notice and hearing.__Before designating a Pine Tree
Development Zone or adopting a development plan, the municipal
officers of each applicant unit of local government or the
municipal officers' designee must hold at least one public
hearing.__Notice of the hearing must be published at least 10
days before the hearing in a newspaper of general circulation
serving the area of the State in which the local government is
located.


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