CONSERVATION, DEPARTMENT OF

To make capital improvements $11,000,000

and conduct major maintenance at state

parks and historic sites and to provide

matching funds for significant capital

projects at municipal parks, including

$1,800,000 for construction and

development of a living memorial in

Capitol Park.

EXECUTIVE DEPARTMENT

To acquire land for coastal $4,000,000

and inland waterway access.

To establish a new revolving $5,000,000

loan fund to make low-interest

loans available to land trusts

and municipalities to acquire

land and conservation easements.

Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not become effective unless the people of the State ratify the issuance of the bonds as set forth in this Act.

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.

Sec. 9. Bonds authorized but not issued. Any bonds authorized but not issued, or for which bond anticipation notes are not issued 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.

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 at a statewide election held on the Tuesday