LD 1574
pg. 2
Page 1 of 4 An Act To Assist Towns with the Implementation of the Laws Governing Growth Man... Page 3 of 4
Download Bill Text
LR 1912
Item 1

 
G. The implementation of specific items in the comprehensive
plan's capital investment strategy to increase the capacity
for growth in designated growth areas or to preserve rural
resources.

 
2.__Funds deposited in municipal community preservation fund.__
The municipality may deposit in its municipal community
preservation fund local funds from any source that the
municipality determines appropriate if the funds are dedicated to
a purpose set forth in subsection 1, paragraphs A to G, except
that grants received from the State may not be deposited in the
municipal community preservation fund.

 
3. Surcharges.__The following surcharges are imposed for the
purposes of community preservation.

 
A. The fees of a register of deeds, except as otherwise
provided, that are paid when an instrument is left for
recording, filing or deposit are subject to a surcharge of
$20.

 
B.__The fees for recording, filing or depositing a municipal
lien certificate are subject to a surcharge of $10.

 
A surcharge under this subsection is not imposed on a declaration
of homestead. A surcharge under this subsection is not imposed on
fees charged for additional pages, photostatic copies, abstract
cards, square feet additions to filed and recorded plans or for
additional or required marginal references.

 
Of the surcharge imposed under this subsection, 10% is retained
by the registry of deeds, and 90% must be forwarded to the State
for deposit into the Maine Community Preservation Trust Fund
created in subsection 4.

 
4. Maine Community Preservation Trust Fund.__The Maine
Community Preservation Trust Fund, referred to in this subsection
as "the fund," is established for the benefit of municipalities
that have established municipal community preservation funds. The
fund consists of all revenues received by the State from a
surcharge on fees of the registers of deeds, as provided in
subsection 3.

 
A.__Money deposited with the Treasurer of State to the credit of
the fund must be invested in a manner that will secure the
highest interest rate available consistent with the safety of the
fund and with the requirement that all amounts on deposit be
available for withdrawal without penalty for such withdrawal at
any time. All interest accrued and earnings must be deposited
into the fund. The


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