Sec. 1. 5 MRSA Pt. 15-C is enacted to read:

PART 15-C

MAINE WOODS

CHAPTER 357

MAINE WOODS BOARD

SUBCHAPTER I

GENERAL PROVISIONS

§6401. Short title

This chapter may be known and cited as the "Maine Woods Act."

§6402.__Findings

The Legislature finds that forestry is an integral part of the economy and culture of the State and that the forestry industry has made its land available for public recreational use, which has given rise to the well-recognized tradition of high quality outdoor recreational opportunities in this State.__The Legislature recognizes the importance of sustainable forestry practices in maintaining the Maine woods for both forest products production and public access and recreation.__The Legislature recognizes the State's obligation to assist in the maintenance of the productive, working forest to support both the forest products industry and public access and recreation in the Maine woods.

§6403.__Definitions

As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings.

1.__Act.__"Act" means the Maine Woods Act.

2.__Appraised value. "Appraised value" means the fair market value of property without the consideration of the effect of dedication or other restrictions related to preservation.

3.__Board.__"Board" means the Maine Woods Board as established by this Act.

4.__Bonds.__"Bonds" means bonds or securities of the board issued pursuant to this Act.