6.__Fund.__"Fund" means the Maine Woods Fund as established in section 6413.

7.__Holder of securities or holder.__"Holder of securities" or "holder," when used with reference to securities of the board, means a person who is the bearer of outstanding securities of the board registered to bearer or not registered or the registered owner of outstanding securities of the board that at the time of registration are registered other than to bearer.

8.__Matching funds.__"Matching funds" means any combination of public and private funds used in conjunction with the fund for the purpose of this chapter, including, but not limited to: private contributions of cash or securities; money from municipal or other public agencies; money from a federal matching program, subject to the limitations of applicable federal and state laws, in an amount authorized by the federal program; contributions of real property or interest in real property that serves the acquisition needs of the State as determined by the board; in- kind contributions; or any combination of those funds. Contributions of land or interest in land must be valued for purposes of this section in the amount of their appraised value.

9.__Notes.__"Notes" means notes of the board issued pursuant to this Act.

10.__Project, projects.__"Project, projects or part of any project" means the acquisition, improvement or management of real or personal property to carry out the purposes of this Act.

11.__Securities.__"Securities" means bonds, notes or other evidences of indebtedness under this Act.

12.__Stewardship account. "Stewardship account" means an account held separate and apart from all other money, funds and accounts of a state agency for the purposes of management of land owned in fee or less-than-fee simple, meeting the criteria established in section 6406, subsection 1.

§6404. Maine Woods Board; members; compensation

1.__Establishment; membership.__The Maine Woods Board is established as a body corporate and politic and a public