LD 1035
pg. 2
Page 1 of 4 An Act To Authorize a General Fund Bond Issue To Provide Funds for the Land for... Page 3 of 4
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LR 2239
Item 1

 
farmland preservation in accordance with the provisions for such
acquisitions under the Maine Revised Statutes, Title 5, chapter
353, including all costs associated with such acquisitions, except
that use of the proceeds of these bonds is subject to the following
conditions and requirements.

 
1. Hunting, fishing, trapping and public access may not be
prohibited on land acquired with bond proceeds, except to the
extent of applicable state, local or federal laws and
regulations.

 
2. Payment from bond proceeds for acquisitions of local or
regional significance, as determined by the Land for Maine's
Future Board, may be made directly to cooperating entities as
defined in Title 5, section 6201, subsection 2 for acquisition of
land and interest in land by cooperating entities, subject to
terms and conditions enforceable by the State to ensure their use
for the purposes of this Part.

 
3. The bond funds must be matched with at least $25,000,000
in public and private contributions. Seventy percent of that
amount must be in the form of cash or other tangible assets,
including the value of land and real property interest acquired
by or contributed to cooperating entities when property interests
have a direct relationship to the property proposed for
protection, as determined by the Land for Maine's Future Board.
The remaining 30% may be matching contributions and may include
the value of project-related, in-kind contributions of goods and
services to and by cooperating entities.

 
4. Ten percent of the bond proceeds allocated to the Land for
Maine's Future Board must be made available to acquire public
access to water in accordance with the provisions of Title 5,
section 6203-A.

 
5. Ten percent of the bond proceeds allocated to the Land for
Maine's Future Board must be made available to protect farmland
in accordance with Title 5, section 6207.

 
6. To the extent the purposes are consistent with the
disbursement provisions in this Part, 100% of the bond proceeds
may be considered as state match for any federal funding to be
made available to the State.

 
Sec. A-6. Allocations from General Fund bond issue. The proceeds of the
sale of the bonds authorized under this Part must be expended as
designated in the following schedule.

 
EXECUTIVE DEPARTMENT

 
State Planning Office


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