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| Sec. 5. Disbursement of bond proceeds. The proceeds of the bonds must be | | expended as set out in section 6 under the direction and | | supervision of the Department of Agriculture, Food and Rural | | Resources. |
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| | | Sec. 6. Allocations from General Fund bond issue; construct new or retrofit existing | | pollution control structures on Maine farms to protect the environment, to construct | | environmentally sound water sources that help avoid drought damage to crops, and to | | recapitalize the Potato Market Improvement Fund. The proceeds of the sale of | | bonds must be expended as designated in the following schedule. |
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| | | AGRICULTURE, FOOD AND RURAL |
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| | | Construction of new or retrofitting | | $1,250,000 |
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| | | of existing pollution control |
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| | | structures on Maine farms to comply |
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| | | with Maine law. These state funds |
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| | | will be matched with federal and |
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| | | Construction of environmentally | | $1,000,000 |
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| | | sound water sources that help |
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| | | avoid drought damage to crops. |
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| | | Recapitalize the Potato Market | | $2,000,000 |
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| | | Improvement Fund. These state |
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| | | funds will match private funds |
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| | | and be used to construct potato |
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| | | TOTAL ALLOCATIONS | | $4,250,000 |
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| | | Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not | | become effective unless the people of the State have ratified the | | issuance of bonds as set forth in this Act. |
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| | | Sec. 8. 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 10 years after the date of the sale of the bonds lapse to | | General Fund debt service. |
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| | | Sec. 9. Bonds authorized but not issued. Any bonds authorized but not | | issued, or for which bond anticipation notes are not issued |
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| | | within 5 years of ratification of this Act, are deauthorized and | | may not be issued; except that the Legislature may, within 2 | | years after the expiration of that 5-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. 10. Referendum for ratification; submission at statewide election; form of | | question; effective date. This Act 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 respective cities, towns and plantations to | | meet, in the manner prescribed by law for holding a statewide | | election, to vote on the acceptance or rejection of this Act by | | voting on the following question: |
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| | | "Do you favor a $4,250,000 bond issue for the following | | purposes: |
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| | | 1. $1,250,000 to construct new or retrofit existing pollution | | control structures on Maine farms to protect the environment; |
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| | | 2. $1,000,000 to construct environmentally sound water | | sources that help avoid drought damage to crops; and |
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| | | 3. $2,000,000 to recapitalize the Potato Market Improvement | | Fund?" |
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| | | The legal voters of each city, town and plantation shall vote | | by ballot on this question and designate their choice by a cross | | or check mark placed within a corresponding square below the word | | "Yes" or "No." The ballots must be received, sorted, counted and | | declared in open ward, town and plantation meetings and returns | | made to the Secretary of State in the same manner as votes for | | members of the Legislature. The Governor shall review the | | returns and, if a majority of the legal votes are cast in favor | | of this Act, the Governor shall proclaim the result without | | delay, and this Act becomes effective 30 days after the date of | | the proclamation. |
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| | | The Secretary of State shall prepare and furnish to each city, | | town and plantation all ballots, returns and copies of this Act | | necessary to carry out the purpose of this referendum. |
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| | | The funds provided by this bond issue, in the amount of |
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| | | $4,250,000, will be used for the following purposes: |
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| | | 1. $1,250,000 to construct new or retrofit existing pollution | | control structures on Maine farms to protect the environment; |
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| | | 2. $1,000,000 to construct environmentally sound water | | sources that help avoid drought damage to crops; and |
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| | | 3. $2,000,000 to recapitalize the Potato Market Improvement | | Fund. |
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