LD 1878
pg. 4
Page 3 of 5 An Act To Authorize a General Fund Bond Issue in the Amount of $65,000,000 To F... Page 5 of 5
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LR 2798
Item 1

 
Sec. 10. 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. 11. 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. 12. 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:

 
"Do you favor a $65,000,000 bond issue, including
$60,000,000 to purchase public land and easements statewide
from willing sellers for conservation, water access, outdoor
recreation including hunting and fishing, wildlife and fish
habitat and farmland preservation, and $5,000,000 for
necessary capital improvements to state parks, historic
sites and other state-owned parks, all to be matched by at
least $30,250,000 in private and public contributions?"

 
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.


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