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

 
Land for Maine's Future Board

 
Provides for the use of bond proceeds to$50,000,000

 
be used for the acquisition of land and

 
interest in land for conservation,

 
water access, outdoor recreation,

 
wildlife and fish habitat and

 
farmland preservation.

 
Sec. A-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 Part.

 
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. Referendum for ratification; form of question; effective date. This Part
must be submitted to the legal voters of the State at a statewide
election in June 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 statewide election, to vote on
the acceptance or rejection of this Part by voting on the
following question:

 
"Do you favor a $50,000,000 bond issue to purchase land and
conservation easements statewide from willing sellers for
conservation, water access, wildlife and fish habitat,
outdoor recreation, including hunting and fishing, and
farmland preservation to be matched by at least $25,000,000
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


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