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Renovate the Millinocket Municipal Airport in | order to bring the airport into compliance | with Federal Aviation Administration | requirements; study the potential advantages | of expanding the service area of the airport | through regionalization; conduct a feasibility | study on improving access to the airport; and | study any infrastructure improvements | necessary to accommodate the construction of | an airport industrial park. |
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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 ratify the | issuance of the 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 | 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 general election; form of question; | effective date. This Act must be submitted to the legal voters of the | State at the next general election in the month 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 general 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 $1,000,000 bond issue to renovate the | Millinocket Municipal Airport in order to bring the airport | into compliance with Federal Aviation Administration | requirements, to study the potential advantages of expanding | the service area of the airport through regionalization, to | conduct a study on improving access to the airport and to | study any infrastructure improvements necessary to | accommodate the construction of an airport industrial park?" |
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