LD 740
pg. 2
Page 1 of 3 An Act to Authorize a General Fund Bond Issue for Public Land Acquisition Page 3 of 3
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LR 783
Item 1

 
Land for Maine's Future Fund$25,000,000

 
The funds provided by this bond issue must be
used to acquire public lands for citizens of
this State and for future generations for
hunting, fishing and other outdoor pursuits to
create greater recreational opportunities
within the State. The Land for Maine's Future
Board shall work with citizen groups such as
landowners, a statewide alliance representing
sportsmen, environmental organizations and
outdoor conservation groups to determine the
best parcels of land to purchase with the
proceeds from this bond issue.

 
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 $25,000,000 bond to acquire public lands to
create greater recreational opportunities within the state?"


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