| | Mandate preamble. This measure requires one or more local units | of government to expand or modify activities so as to necessitate | additional expenditures from local revenues but does not provide | funding for at least 90% of those expenditures. Pursuant to the | Constitution of Maine, Article IX, Section 21, two thirds of all | of the members elected to each House have determined it necessary | to enact this measure. |
|
| | Preamble. Two thirds of both Houses of the Legislature deeming | it necessary in accordance with the Constitution of Maine, | Article IX, Section 14, to authorize the issuance of bonds on | behalf of the State of Maine to provide funds for the acquisition | of lands and interests in lands for conservation, water access, | outdoor recreation, fish and wildlife habitat and farmland | preservation and to access matching contributions from private | sources. |
|
| Be it enacted by the People of the State of Maine as follows: |
|
| | Sec. A-1. Authorization of bonds to provide for conservation, water access, outdoor | recreation, fish and wildlife habitat and farmland preservation. The Treasurer of | State is authorized, under the direction of the Governor, to | issue bonds in the name and on behalf of the State in an amount | not exceeding $30,000,000 to raise funds for the acquisition of | lands and interests in lands for conservation, water access, | outdoor recreation, fish and wildlife habitat and farmland | preservation and to access matching contributions from private | sources, as authorized in section 7 of this Part. No more than | $10,000,000 may be issued in the first year and no more than | $10,000,000 may be issued in each of the 2 subsequent years, | except that any unused balance may be added to the specified | amount in subsequent years. The bonds are a pledge of the full | faith and credit of the State. The bonds may not run for a | period longer than 20 years from the date of the original issue | of the bonds. At the discretion of the Treasurer of State, with | the approval of the Governor, any issuance of bonds may contain a | call feature. |
|
| | Sec. A-2. Records of bonds issued to be kept by the Treasurer of State. The | Treasurer of State shall keep an account of each bond showing the | number of the bond, the name of the successful bidder to whom | sold, the amount received for the bond, the date of sale and the | date when payable. |
|
| | Sec. A-3. Sale; how negotiated; proceeds appropriated. The Treasurer of | State may negotiate the sale of the bonds by direction of the | Governor, but no bond may be loaned, pledged or |
|
|