LD 1292
pg. 3
Page 2 of 3 An Act To Authorize a General Fund Bond Issue in the Amount of $20,000,000 for ... LD 1292 Title Page
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LR 296
Item 1

 
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:

 
"Do you favor a $20,000,000 bond issue for the following
purposes:

 
1. Eleven million dollars to make capital improvements
and conduct major maintenance at state parks and historic
sites and provide matching funds for significant capital
projects at municipal parks;

 
2. Four million dollars to acquire land for coastal and
inland waterway access; and

 
3. Five million dollars to establish a new revolving loan
fund to make low-interest loans available to land trusts
and municipalities to acquire land and conservation
easements?"

 
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.

 
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 purposes of this
referendum.

 
SUMMARY

 
The funds provided by this bond issue, in the amount of
$20,000,000, will be used to make capital improvements and
conduct major maintenance at state parks and historic sites,
to acquire land for coastal and inland waterway access and to
capitalize a revolving loan fund for land trusts and
municipalities to acquire land and conservation easements for
public access.


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