| Sec. 1. Authorization of bonds to provide for water access sites. The Treasurer of |
State is authorized, under the direction of the Governor, to |
issue bonds in the name and on behalf of the State in an amount |
not exceeding $5,000,000 to raise funds for the purchase of |
property or interests in property to provide public access to |
fresh or coastal waters that presently have no public access or |
very limited public access and to provide any necessary minor |
capital improvements on the property to provide for public access |
or improved accessibility as authorized by section 6. The bonds |
are a pledge of the full faith and credit of the State. The |
bonds may not run for a period longer than 20 years from the date |
of the original issue of the bonds. At the discretion of the |
Treasurer of State, with the approval of the Governor, any |
issuance of bonds may contain a call feature. |