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Maine Alliance for Road Associations

LD 461

  • 02 Jul 2023 4:18 PM
    Quote
    Message # 13222805
    Anonymous

    1. There was a proposed amendment( Mar 13, 2023-Cunningham). Did that amendment get incorporated and passed in the Act  LD 461, on 6/22/2023?

    2. The Act allows creation of a Reserve Account. Is the total allowable annual assessment, inclusive of amount set aside for reserve account limited to 1% of municipal assessment?

    thank you
  • 03 Jul 2023 6:38 AM
    Quote
    Reply # 13222950 on 13222805
    Anonymous member (Administrator)

    Today I planned to post the current version of LD 461 as Amended when I read your post --what a happy coincidence!

    In answer to your questions:

    1. Yes. See my recent post.

    2. I believe you are correct that owner assessments, including money set aside in your reserve account, cannot exceed 1% of assessed value of property owned in any calendar year.

    Thank you for your questions. If you have more questions, please use my post on this topic to ask them.

    Last modified: 04 Jul 2023 5:51 AM | Anonymous member (Administrator)

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