Maine Revised Statutes Title 30-A. Municipalities and Counties § 4754-A. First option to purchase surplus lands

1. Notification of interest. The Maine Redevelopment Land Bank Authority shall advise the owner agency in writing of its interest in purchasing or otherwise acquiring the surplus land and any improvements on the land or surplus structures or of its decision not to purchase or otherwise acquire any such surplus property within 30 days of receipt of the notification by the executive director of the Maine Redevelopment Land Bank Authority.

2. Purchase price. If the Maine Redevelopment Land Bank Authority offers to purchase the property, the purchase price must be determined as follows.

3. Deleted. Laws 2025, c. 264, § 3, eff. Sept. 24, 2025.

If any land determined to be surplus is located in a community served by a municipal housing authority under section 4721, the Maine Redevelopment Land Bank Authority shall offer the first option to purchase the parcel to the municipal housing authority. The municipal housing authority has 45 days to indicate in writing its desire to acquire the parcel. Other offers to purchase the parcel may not be considered until the 45-day period has passed.