| | | recreation, wildlife and fish habitat and farmland preservation. | | Up to 10% of the principal is to be used to preserve farmland. | | To maximize the effectiveness of this investment in Maine's | | future, the board will secure matching contributions greater than | | or equal to $25,000,000. Seventy percent of the $25,000,000 | | matching contribution, or $17,500,000, must be in the form of | | land, cash or other tangible assets. The remaining 30%, or | | $7,500,000, may be project-related, in-kind contributions. |
|
| | | This bill also states that the bond proceeds may be considered | | as state match for any forthcoming federal grants. |
|
| | | This bill requires that, prior to certain land acquisitions in | | the unorganized territories by the Land for Maine's Future Board, | | the acquisitions must be approved by the affected county. This | | requirement mirrors a provision currently in law requiring | | similar approval by a municipality of lands proposed to be | | acquired in the municipality. |
|
|
