LD 1569
pg. 2
Page 1 of 4 An Act To Authorize a General Fund Bond Issue in the Amount of $16,800,000 To C... Page 3 of 4
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LR 2070
Item 1

 
Sec. 6. Allocations from General Fund bond issue. The proceeds of the sale
of the bonds must be expended as designated in the following
schedule.

 
ENVIRONMENTAL PROTECTION,

 
DEPARTMENT OF2003-04

 
Loans to construct and upgrade water$2,500,000

 
pollution control facilities matched

 
by $12,500,000 in federal funds.

 
Grants to construct water pollution$10,000,000

 
control facilities.

 
Funds to clean up uncontrolled hazardous$2,150,000

 
substance sites.

 
Funds to remediate solid waste landfills.$350,000

 
HUMAN SERVICES,

 
DEPARTMENT OF

 
Grants and loans for public drinking$1,800,000

 
water system improvements matched by

 
$6,000,000 in federal funds.

 
__________

 
TOTAL ALLOCATIONS$16,800,000

 
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


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