Sec. A-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. A-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 Part, 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. A-10. Applied Technology Development Centers; criteria for distribution of bond proceeds. The Department of Tourism, Economic and Community Development shall establish a process for distributing the bond proceeds allocated in this Part among the following applied technology development centers: the Center for Environmental Enterprise in South Portland; the Thomas M. Teague Biotechnology Park in Fairfield; the River Valley Technology Center in Rumford; and the composite technology center facility in Greenville.

Funds must be allocated based upon the following priorities:

1. Safety and structural integrity;

2. Completion of renovations currently in process;

3. Accomplishment of planned renovations; and

4. Debt relief for completed projects.

Sec. A-11. Report. The Department of Tourism, Economic and Community Development shall report to the Joint Standing Committee on Business, Research and Economic Development by November 15, 2003 on the planned distribution to date of the funds as provided in this Part.

Sec. A-12. Referendum for ratification; submission at statewide election; form of question; effective date. This Part must be submitted to the legal voters of the State at a