3.__Interests acquired; permanence.__The department may acquire real estate interests described under subsection 1 directly from willing property owners or may make acquisition grants to local governments and to organizations qualified to hold conservation easements under Title 33, chapter 7, subchapter 8-A.__Grants made pursuant to this section are for the purpose of acquiring real property in both fee and less-than-fee simple interest, including, but not limited to, conservation easements, access easements and other permanent interests in land.__The department shall include, as a condition of any acquisition and grant made under this section, the requirement that the protected property may not be used, altered or developed in a manner that precludes its use by commercial fisheries.__As an additional condition, the department must retain a permanent right of first refusal on any property acquired in fee or protected by conservation easement.__Exercise of the right of first refusal must be at a price determined by an independent professional appraiser based on the value of the property to a commercial fishery at the time of exercise of the right.__The department may assign this right to a commercial fishery or to a local government if, in the department's judgment, such an assignment is consistent with the purposes of this chapter.

4.__Matching funds.__For each grant made under this section, the department shall require that the grant recipient provide matching funds at least equal to the amount of the grant.

Sec. B-2. Application; contingent on bond issue. This Part takes effect only if the general revenue bond issue in Part A is approved by the voters of this State.

PART C

Sec. C-1. 7 MRSA §306-A, sub-§3, ¶B, as enacted by PL 1999, c. 72, §5, is amended to read:

B. At least 25% of the total cost of any project must be funded by the applicant or applicants and at least 10% of the total cost must be funded from nonpublic sources. A single grant may not exceed 20% of the total funds available to be granted in a given year; however, in no case may a single grant exceed $30,000 All projects funded by a grant must have a match, the percentage of which must be determined by the commissioner prior to any request for proposals;