Legislature Advances Bill to Create Maine Redevelopment Land Bank Authority
Industry Update
April 13, 2022
Source: Mainebiz
A bill that would create a statewide land bank for bringing properties into more productive uses has advanced through the state Legislature and has received overwhelming bipartisan support.
In a vote of 117-16 on Monday, the House gave initial approval to LD 1694, which would establish the Maine Redevelopment Land Bank Authority. The Senate passed the bill unanimously on Tuesday. The legislation is sponsored by state Rep. Melanie Sachs, D-Freeport.
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