The Maine Redevelopment Land Bank Authority, as established in Title 5, section 12004‑G, subsection 7‑G and referred to in this chapter as "the redevelopment authority," is a body corporate and politic and a public instrumentality of the State.
The purpose of the redevelopment authority is to assist municipalities and other entities in this State in the redevelopment of properties identified as eligible under section 5157, subsection 1 in order to return those properties to productive use.
The purposes of this chapter are public and the redevelopment authority is performing a governmental function in carrying out this chapter.