17-229-700 Me. Code R. § 3
Current through 2024-51, December 18, 2024
The "Base year", for the purposes of calculating increases in qualifying expenditures for transit, shall be as defined above; however, in the case where a municipality's fiscal year does not coincide with the State Fiscal Year, the municipality is directed to use its fiscal year which has the most months in common with the State Fiscal Year 2001. This municipal fiscal year shall then become the base year for calculating future increases in qualifying expenditures for transit, and shall be used consistently as the basis for all future reporting by that municipality under this Program.
17-229 C.M.R. ch. 700, § 3