LD 123
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Page 1 of 3 An Act to Authorize a General Fund Bond Issue in the Amount of $5,000,000 for t... Page 3 of 3
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LR 1239
Item 1

 
Sec. 6. Allocations from General Fund bond issue. The proceeds of the sale
of bonds must be expended as designated in the following
schedule.

 
Acquisition of water

 
access sites$5,000,000

 
Provides 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.

 
Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not
become effective unless the people of the State have ratified the
issuance of bonds as set forth in this Act.

 
Sec. 8. Appropriation balances at year end. At the end of each fiscal
year, all unencumbered appropriation balances representing state
money carry forward. Bond proceeds that have not been expended
within 10 years after the date of the sale of the bonds lapse to
General Fund debt service.

 
Sec. 9. Bonds authorized but not issued. Any bonds authorized but not
issued, or for which bond anticipation notes are not issued
within 5 years of ratification of this Act, are deauthorized and
may not be issued; except that the Legislature may, within 2
years after the expiration of that 5-year period, extend the
period for issuing any remaining unissued bonds or bond
anticipation notes for an additional amount of time not to exceed
5 years.

 
Sec. 10. Referendum for ratification; submission at statewide election; form of question;
effective date. This Act must be submitted to the legal voters of the
State of Maine at a statewide election held on the Tuesday
following the first Monday of November following passage of this
Act. The municipal officers of this State shall notify the
inhabitants of their respective cities, towns and plantations to
meet, in the manner prescribed by law for holding a statewide
election, to vote on the acceptance or rejection of this Act by
voting on the following question:

 
"Do you favor a $5,000,000 bond issue for the acquisition of
water access sites by the Department of Inland Fisheries and
Wildlife?"


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