Maine Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Maine 1983 Finance Authority of Maine programs PL 1983, c. 519, §6 10 M.R.S. § 974 The authority shall submit to the Governor, the Speaker of the House of Representatives, the President of the Senate and the joint standing committees of the Legislature having jurisdiction over housing and economic development and education, not later than 120 days after the close of its fiscal year, a complete report on the activities of the authority. The report may also be provided to any other member of the Legislature and to any other person. The report must include all of the following:
A. A description of its operations, including a description of projects assisted under this chapter;
B. An accounting of its receipts and expenditures, assets and liabilities at the end of its fiscal year;
C. A schedule of the bonds and notes outstanding at the end of its fiscal year and a statement of the amounts redeemed and issued during its fiscal year, including a report on its reserve funds;
D. A statement of its proposed and projected activities for the ensuing year and the relationship of these activities to the State’s economic development policies;
E. Recommendations as to further actions which may be suitable for achieving the purposes of this chapter;
F. A statement of the defaults, if any, of persons, firms, corporations and other organizations receiving assistance under this chapter in those cases where substantial liquidation of collateral has taken place, a statement of the total amount of mortgage insurance payments made during the fiscal year and a statement of the percentage derived by dividing the amount of the mortgage insurance payments during the fiscal year into the outstanding principal balance as of the fiscal year end of the authority’s unpaid obligations pursuant to mortgage insurance contracts;
G. A summary of the actual and potential employment opportunities reported on employment plans pursuant to section 979;
H. A separate section pertaining to the activities of the authority carried out pursuant to subchapter I-A, which shall provide the following:
(1) A description of the operations of the authority pursuant to subchapter I-A, including a description of the progress toward the accomplishment of the purposes of section 982;
(2) An analysis of the needs of the natural resource-based sector in the State and a statement of the authority’s proposed and projected activities for the ensuing year to meet these needs; and
(3) Recommendations as to further actions which may be suitable for achieving the purposes of subchapter I-A;
I. A description of any financial assistance provided for energy conservation purposes, the success of various energy saving techniques assisted and the overall energy benefits achieved by the financial assistance;
J. Repealed
K. A description of the operations of the authority pursuant to section 980-A for the most recent calendar year and of its plans, if any, for revising any allocation system established pursuant to section 980-A; andK. A description of the operations of the authority pursuant to section 980-A for the most recent calendar year and of its plans, if any, for revising any allocation system established pursuant to section 980-A; and
L. A complete report on the student financial assistance activities of the authority.		 N N Y
Maine 1997 SHIPBUILDING FACILITY CREDIT 1997 Me. SP 641 36 M.R.S. § 6854 3. REPORT TO LEGISLATURE. THE STATE TAX ASSESSOR SHALL REPORT, TO THE JOINT STANDING COMMITTEE OF THE LEGISLATURE HAVING JURISDICTION OVER TAXATION MATTERS, AGGREGATE DATA ON EMPLOYMENT LEVELS AND QUALIFIED INVESTMENT AMOUNTS OF A CERTIFIED APPLICANT FOR EACH YEAR BEGINNING WITH EXPENDITURES INCURRED AFTER OCTOBER 1, 1996. THE REPORT MUST BE MADE DURING THE FIRST REGULAR SESSION OF EACH LEGISLATURE BEGINNING WITH THE 120TH LEGISLATURE. N N Y
Maine 1997 General economic development incentives, workforce development and training programs, municipal tax increment financing, employment tax increment financing, and the Governor's training initiative: PL 1997, c. 761, §2 5 M.R.S. § 13070-J 4. AGENCY REPORTS. The following agencies shall submit the following reports.
A. The State Tax Assessor shall submit a report by May 1st of 1999 and each odd-numbered year thereafter to the Legislature and the commission identifying the amount of public funds spent and the amount of revenues foregone as the result of economic development incentives. The report must identify the amount of the economic development incentives under the jurisdiction of the Bureau of Revenue Services received by each employer to the extent permitted under Title 36, section 191 and other provisions of law concerning the confidentiality of information.
B. The Commissioner of Labor shall report by May 1st annually to the Legislature and the commission on the amount of public funds spent on workforce development and training programs directly benefiting businesses in the State. The report must identify the amount of economic development incentives under the jurisdiction of the Department of Labor received by each employer and the public benefit resulting from those economic development incentives.
C. The Maine Technical College System shall report by May 1st annually to the Legislature and the commission on the amount of public funds spent on job training programs directly benefiting businesses in the State. The report must identify the amount of economic development incentives under the jurisdiction of the system received by each employer and the public benefit resulting from those economic development incentives.
D. The department shall report by May 1st annually to the Legislature and the commission on the amount of public funds spent for the direct benefit of businesses in the State under municipal tax increment financing, employment tax increment financing and the Governor's training initiative. The report must identify the amount of economic development incentives under the jurisdiction of the department received by each employer and the public benefit resulting from those economic development incentives.		 N N Y
Maine 2001 Municipal tax increment financing*, employment tax increment financing*, and the Governor's training initiative* 2001 ME HP 1509 5 MRSA Section 13070-J The department shall report by October 1st annually to the Legislature [D> on the amount of public funds spent for the direct benefit of businesses in the State under municipal tax increment financing, employment tax increment financing and the Governor's training initiative. The report must identify the amount of economic development incentives under the jurisdiction of the department received by each business and the public benefit resulting from those economic development incentives. <D] [A> THE FOLLOWING: <A]
[A> (1) THE AMOUNT OF PUBLIC FUNDS SPENT FOR THE DIRECT BENEFIT OF BUSINESSES IN THE STATE UNDER MUNICIPAL TAX INCREMENT FINANCING, EMPLOYMENT TAX INCREMENT FINANCING AND THE GOVERNOR'S TRAINING INITIATIVE. THE REPORT MUST IDENTIFY THE AMOUNT OF ECONOMIC DEVELOPMENT INCENTIVES UNDER THE JURISDICTION OF THE DEPARTMENT RECEIVED BY EACH EMPLOYER AND THE PUBLIC BENEFIT RESULTING FROM THOSE ECONOMIC DEVELOPMENT INCENTIVES; AND <A]
[A> (2) THE ACTIVITIES IN THE STATE, IN THE AGGREGATE, OF BUSINESSES RECEIVING FUNDS THROUGH THE MAINE SEED CAPITAL TAX CREDIT PROGRAM, INCLUDING THE FOLLOWING: <A]
[A> (A) THE TOTAL AMOUNT OF TAX CREDIT CERTIFICATES ISSUED BY THE FINANCE AUTHORITY OF MAINE; <A]
[A> (B) THE TOTAL AMOUNT OF PRIVATE INVESTMENT; <A]
[A> (C) TOTAL EMPLOYMENT; <A]
[A> (D) THE TOTAL NUMBER OF JOBS CREATED; <A]
[A> (E) THE TOTAL NUMBER OF JOBS RETAINED; <A]
[A> (F) TOTAL PAYROLL; AND <A]
[A> (G) TOTAL ANNUAL SALES. <A]"		 N N Y
Maine 2007 COMPREHENSIVE EVALUATION OF STATE INVESTMENTS IN ECONOMIC DEVELOPMENT 2007 ME SP 411 5 MRSA Section 13056-A BY NOVEMBER 1, 2007, THE COMMISSIONER SHALL DEVELOP AND SUBMIT TO THE GOVERNOR AND THE LEGISLATURE A PLAN FOR THE COMPREHENSIVE EVALUATION OF STATE INVESTMENTS IN ECONOMIC DEVELOPMENT. BEGINNING FEBRUARY 1, 2009, THE COMMISSIONER SHALL SUBMIT AN ANNUAL COMPREHENSIVE EVALUATION OF STATE INVESTMENTS IN ECONOMIC DEVELOPMENT, NOT TO INCLUDE PROGRAMS EVALUATED PURSUANT TO SECTION 13107 OR THOSE INDEPENDENT EVALUATIONS REQUIRED BY FEDERAL PROGRAMS, TO THE GOVERNOR AND THE LEGISLATURE. THE EVALUATION MUST:
1. OUTCOME MEASURES. ESTABLISH AND REPORT ON OUTCOME MEASURES CONSIDERED APPROPRIATE BY PUBLIC AND PRIVATE PRACTITIONERS INSIDE AND OUTSIDE OF THIS STATE IN THE FIELD OF ECONOMIC DEVELOPMENT;
2. INDEPENDENT REVIEWERS. USE INDEPENDENT REVIEWERS TO ASSESS THE EFFECT OF ECONOMIC DEVELOPMENT ACTIVITIES ON THE COMPETITIVENESS OF INDUSTRY SECTORS IN THIS STATE; AND
3. RECOMMENDATIONS. INCLUDE RECOMMENDATIONS TO THE LEGISLATURE ON EXISTING AND PROPOSED STATE-SUPPORTED ECONOMIC DEVELOPMENT PROGRAMS AND ACTIVITIES TO AFFECT ECONOMIC DEVELOPMENT IN THIS STATE.		 N N Y
Maine 2009 municipal tax increment financing*, employment tax increment financing*, and the Governor's training initiative* 2009 Me. HP 1022 5 M.R.S. § 13070-J Repealed parts D, E and F required Agency Reports from PL 1997, c. 761, §2. N
Maine 2009 Visual Media Production Tax Credit and Reimbursement 2009 ME ALS 470 5 MRSA Section 13090-L REPORT. THE MAINE STATE FILM OFFICE SHALL SUBMIT A REPORT BY JANUARY 15TH ANNUALLY TO THE JOINT STANDING COMMITTEE OF THE LEGISLATURE HAVING JURISDICTION OVER TAXATION MATTERS REGARDING THE CERTIFICATION AND REPORTING PROCESS PURSUANT TO THIS SECTION AND THE VISUAL MEDIA PRODUCTION TAX CREDIT AND REIMBURSEMENT ACTIVITIES PURSUANT TO TITLE 36, SECTION 5219Y AND TITLE 36, CHAPTER 919A. THE REPORT MUST INCLUDE A DESCRIPTION OF ANY RULE-MAKING ACTIVITY RELATED TO THE IMPLEMENTATION OF THE CREDIT AND REIMBURSEMENT ACTIVITIES, OUTREACH EFFORTS TO VISUAL MEDIA PRODUCTION COMPANIES, THE NUMBER OF APPLICATIONS FOR THE VISUAL MEDIA PRODUCTION CREDIT AND TAX REIMBURSEMENT, THE NUMBER OF CREDITS AND REIMBURSEMENTS GRANTED, THE REVENUE LOSS ASSOCIATED WITH THE CREDIT AND REIMBURSEMENT AND THE AMOUNT OF VISUAL MEDIA PRODUCTION EXPENSES GENERATED IN THE STATE AS A RESULT OF THE CREDIT AND REIMBURSEMENT. N N Y
Maine 2011 COMPREHENSIVE EVALUATION OF STATE INVESTMENTS IN ECONOMIC DEVELOPMENT*, now specifies the Maine Employment Tax Increment Financing Program, pursuant to Title 36, chapter 917; the Governor’s Training Initiative Program, pursuant to Title 26, section 2031; the Loring Development Authority of Maine, pursuant to Title 5, section 13080; the visual media production certification program, pursuant to Title 5, section 13090-L; the promotion and marketing of state products through the department, pursuant to Title 5, section 13062; the Maine International Trade Center, pursuant to Title 10, section 945; municipal tax increment financing, pursuant to Title 30-A, section 5227; and the pine tree development zone program, pursuant to Title 30-A, section 5250-J 2011 Me. HP 256 5 MRSA Section 13056-A 1. Outcome measures. Establish and report on outcome measures considered appropriate by public and private practitioners inside and outside of this State in the field of economic development , including measures that assess the overall economic performance of the programs to be evaluated under subsection 1-A, as demonstrated by the number of jobs created and wages paid that are attributable to the program, and any state revenues that are attributable to the activities of the program ;
1-A. Programs identified for evaluation. Include, but is not limited to, the review of the following programs: the Maine Employment Tax Increment Financing Program, pursuant to Title 36, chapter 917; the Governor’s Training Initiative Program, pursuant to Title 26, section 2031; the Loring Development Authority of Maine, pursuant to Title 5, section 13080; the visual media production certification program, pursuant to Title 5, section 13090-L; the promotion and marketing of state products through the department, pursuant to Title 5, section 13062; the Maine International Trade Center, pursuant to Title 10, section 945; municipal tax increment financing, pursuant to Title 30-A, section 5227; and the pine tree development zone program, pursuant to Title 30-A, section 5250-J;		 N N Y
Maine 2015 Maine Capital Investment Project 2015 ME SP 578 10 MRSA § 1026-U The authority shall report annually, on or before January 1st, to the joint standing committee of the Legislature having jurisdiction over economic development matters. The report must include a description of each business development project under the program, the amount, type and terms of financial support the business development project received and the information reported to the authority pursuant to subsection 8. The report must contain an accounting of the fund, bonds issued pursuant to subsection 7 and any loans or bonds that are in default. The accounting must include, at a minimum, identification of amounts received from each public or private source, identification of amounts returned to each public or private source and an accounting of the authority’s implementation and administration expenses incurred and charged to the fund. N N Y
Maine 2017 Pine Tree Development Zone program* 2017 ME SP 611 30-A MRSA § 5250-P 1. Annual reports. A qualified Pine Tree Development Zone business, the State Tax Assessor and the commissioner each shall report annually in accordance with this subsection.
A. On or before April 15th annually, beginning in 2019, a qualified Pine Tree Development Zone business shall file a report with the commissioner for the immediately preceding calendar year, referred to in this subsection as “the report year,” that contains the following information with such additional information and on forms as the commissioner may require:
(1) The total number of Maine employees and total salary and wages for those employees for the report year;
(2) The total number of qualified Pine Tree Development Zone employees and total salary and wages for those employees for the report year;
(3) The number of qualified Pine Tree Development Zone employees hired within the report year;
(4) The amount of investments made during the report year at the qualified Pine Tree Development Zone business location or directly related to the qualified business activity; and
(5) In aggregate, the estimated or total value of Pine Tree Development Zone benefits received or claimed in the report year.
B. On or before October 1st annually, beginning in 2019, the State Tax Assessor shall report to the commissioner and to the joint standing committees of the Legislature having jurisdiction over taxation and economic development matters the aggregate revenue loss to the State for the most recently completed state fiscal year resulting from Pine Tree Development Zone benefits under section 5250-I, subsection 14, paragraphs B, C and D.
C. On or before June 1st annually, beginning in 2019, the commissioner shall report to the joint standing committees of the Legislature having jurisdiction over taxation and economic development matters information on qualified Pine Tree Development Zone businesses, including, but not limited to:
(1) The names of qualified Pine Tree Development Zone businesses for the report year;
(2) The estimated or total aggregate amount of Pine Tree Development Zone benefits received by qualified Pine Tree Development Zone businesses in the report year; and
(3) Aggregate information for each of the most recent 3 report years on:
(a) Employment levels for all Maine employees and for qualified Pine Tree Development Zone employees and associated salary and wages for both groups of employees;
(b) Average annual salary and wages and access to health insurance and retirement benefits for all Maine employees and for qualified Pine Tree Development Zone employees; and
(c) Amount of investment associated with the qualified Pine Tree Development Zone business locations or directly related to the qualified business activities.		 N N Y
Maine 2017 COMPREHENSIVE EVALUATION OF STATE INVESTMENTS IN ECONOMIC DEVELOPMENT* 2017 Me. HP 849 5 MRSA § 13070-P §13070-P. Comprehensive evaluation of state investments in economic development
· 1. Conduct evaluation. By February 1, 2021, and every 4 years thereafter, the commissioner shall submit a comprehensive evaluation of state economic development investments, referred to in this section as “the evaluation,” not to include programs subjected to independent evaluations required by federal programs, to the Governor and the Legislature.
o A. The scope of the evaluation must include research and development activities and economic development incentives in this State.
o B. The evaluation must be performed by independent, objective reviewers.
o C. The evaluation objectives include, but are not limited to, an assessment of:
§ (1) The extent to which the State’s portfolio of economic development investments, particularly in terms of level and types of investments, aligns with and supports the state strategic economic improvement plan;
§ (2) The extent to which individual activities and programs, or groups of activities and programs, within the State’s portfolio are contributing to the achievement of particular goals, measurable objectives and performance targets associated with the state strategic economic improvement plan;
§ (3) How the State’s portfolio of economic development investments, particularly in terms of level and types of investments, compares to investments in other states;
§ (4) The effect of the State’s economic development investments in improving the competitiveness of the State’s established and emerging technology and industry sectors in regional, national and global arenas; and
§ (5) The extent to which the overall framework for the State’s economic development investments provides for sufficient transparency and accountability, effective and efficient coordination among the State’s activities and programs and easy access for interested businesses and other entities.
o D. The evaluation must include recommendations to the department, the Governor and the Legislature on any identified:
§ (1) Opportunities to modify the current portfolio of state economic development investments, particularly with regard to level of investment or types of activities and programs, in order to better align resources with the state strategic economic improvement plan and more cost-effectively support achievement of goals, objectives and performance targets associated with the plan;
§ (2) Opportunities to shift investments from economic development activities and programs to other state efforts in order to better align resources with the state strategic economic improvement plan and more cost-effectively support achievement of goals, objectives and performance targets associated with the plan;
§ (3) Opportunities to improve transparency and accountability for state economic development investments, coordination among economic activities and programs in the portfolio or accessibility of business and other entities to those activities and programs; and
§ (4) Areas for improvement.		 N N Y
Maine 2017 General economic development incentives* 2017 Me. HP 1327 5 M.R.S. § 13070-J Repeals part A required Agency Reports from PL 1997, c. 761, §2. N N Y
Maine 2019 Credit for Major Food Processing and Manufacturing Facility Expansion 2019 ME SP 505 36 MRSA § 5219-VV The credit provided under this section is subject to ongoing legislative review in accordance with Title 3, chapter 37. The Office of Program Evaluation and Government Accountability shall submit an evaluation of the credit provided under this section to the joint legislative committee established to oversee program evaluation and government accountability and the joint standing committee of the Legislature having jurisdiction over taxation matters. In developing evaluation parameters to perform the review, the office shall consider:
A. That the specific public policy objectives of the credit provided under this section are:
(1) To create high-quality jobs in the State by encouraging major businesses to locate or expand their food processing and manufacturing facilities in this State and to encourage the recruitment and training of employees for these facilities; and
(2) To directly and indirectly improve the overall economy of the State including the agricultural economy, small businesses, employment in rural areas and expansion of the tax base; and
B. Performance measures, including, but not limited to:
(1) The number, geographic distribution and income of full-time employees added or retained during a period being reviewed who would not have been added or retained in the absence of the credit;
(2) The number and amount of qualified investments made by certified applicants during the review period;
(3) The increase in value in agricultural products produced in the State; and
(4) Direct and indirect economic benefits to the State attributable to qualified investments entitled to a credit under this section.		 N N Y
Maine 2021 Rurual Workforce Recruitment and Retention Grant Program 2021 ME SP 200 5 MRSA §13056-I The department shall report by January 15th of each year to the joint standing committee of the Legislature having jurisdiction over economic development matters on the program, including the number of grants given and the results achieved N N Y