| | | 3. The bond funds must be matched with at least $25,000,000 | | in public and private contributions. Seventy percent of that | | amount must be in the form of land, cash or other tangible | | assets. The remaining 30% may be matching contributions and | | include the value of project-related, in-kind contributions of | | goods and services to and by cooperating entities and the value | | of real property interests acquired by or contributed to | | cooperating entities when property interests have a relationship | | to the property proposed for protection, as determined by the | | Land for Maine's Future Board. |
|
| | | 4. Ten percent of the bond proceeds must be made available to | | acquire public access to water, in accordance with the provisions | | of Title 5, section 6203-A. |
|
| | | 5. Up to 10% of the bond proceeds must be made available to | | protect farmland in accordance with the Maine Revised Statutes, | | Title 5, section 6207. |
|
| | | 6. To the extent the purposes are consistent with the | | disbursement provisions in this Part, 10% of the bond proceeds | | may be considered as state match for any federal funding to be | | made available to the State. |
|
| | | Sec. A-7. Allocations from General Fund bond issue; acquisition of lands; interests in | | lands for conservation; water access; outdoor recreation; wildlife and fish habitat; farmland | | preservation. The proceeds of the sale of bonds must be expended as | | designated in the following schedule. |
|
| | | Land for Maine's Future Board |
|
| | | Provides for the use of bond | | proceeds to be used for the | | acquisition of lands and | | interests in lands for | | conservation, water access, | | outdoor recreation, wildlife | | and fish habitat and farmland | | preservation. |
|
| | | Sec. A-8. Contingent upon ratification of bond issue. Sections 1 to 7 of this | | Part do not become effective unless the people of the State have | | ratified the issuance of bonds as set forth in this Part. |
|
|
