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| Sec. A-7. Allocations from General Fund bond issue; acquisition of lands; interests in lands for | conservation; water access; outdoor recreation; fish and wildlife habitat; farmland | preservation. The proceeds of the sale of bonds must be expended as | designated in the following schedule. |
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| Land for Maine's Future Board |
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| 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, fish and | wildlife habitat and farmland | preservation. |
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| | 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. |
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| | Sec. A-9. Appropriation balances at year end. At the end of each fiscal | year, all unencumbered appropriation balances representing state | money carry forward. Bond proceeds that have not been expended | within 25 years after the date of the sale of the bonds lapse to | General Fund debt service. |
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| | Sec. A-10. Bonds authorized but not issued. Any bonds authorized but not | issued, or for which bond anticipation notes are not issued | within 10 years of ratification of this Part, are deauthorized | and may not be issued; except that the Legislature may, within 2 | years after the expiration of that 10-year period, extend the | period for issuing any remaining unissued bonds or bond | anticipation notes for an additional amount of time not to exceed | 5 years. |
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| | Sec. A-11. Referendum for ratification; submission at statewide election; form of | question; effective date. This Part must be submitted to the legal | voters of the State of Maine at a statewide election held on the | Tuesday following the first Monday of November following passage | of this Act. The municipal officers of this State shall notify | the inhabitants of their |
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