Sec. J-1. PL 2009, c. 414, Pt. E, §1 is amended to read:
Sec. E-1. Authorization of bonds. The Treasurer of State is authorized, under the direction of the Governor, to issue bonds in the name and on behalf of the State in an amount not exceeding $10,000,000 $9,750,000 for the purposes described in section 6 of this Part. The bonds are a pledge of the full faith and credit of the State. The bonds may not run for a period longer than 10 years from the date of the original issue of the bonds. At the discretion of the Treasurer of State, with the approval of the Governor, any issuance of bonds may contain a call feature.
Sec. J-2. PL 2009, c. 414, Pt. E, §5, sub-§5 is amended to read:
5. Of the bond proceeds allocated to the Land for Maine's Future Board, $2,000,000 $1,750,000 must be made available to protect working waterfront properties in accordance with Public Law 2005, chapter 462, Part B, section 6.
Sec. J-3. PL 2009, c. 414, Pt. E, §6 is amended to read:
Sec. E-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.
|State Planning Office|
|Land for Maine’s Future Board|
|Provides funds in order to leverage $6,500,000 in other funds to be used for the acquisition of land and interest in land for conservation; water access, wildlife and fish habitat; outdoor recreation, including hunting and fishing; and farmland preservation.||$6,500,000|
|Provides funds to be used for working farmland preservation in order to leverage $1,000,000 in other funds.||$1,000,000|
|Provides funds to be used for working waterfront preservation in order to leverage $2,000,000 $1,750,000 in other funds.||$2,000,000 $1,750,000|
|DEPARTMENT OF CONSERVATION|
|Bureau of Parks and Lands|
|Provides funds to preserve state parks and properties managed by the Department of Conservation.||$500,000|
Sec. J-4. PL 2009, c. 414, Pt. E, §10 is amended to read:
Sec. E-10. Referendum for ratification; submission at election; form of question; effective date. This Part must be submitted to the legal voters of the State at a statewide election held in November 2010 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 $10,000,000 $9,750,000 bond issue to invest in land conservation and working waterfront preservation and to preserve state parks to be matched by $9,500,000 $9,250,000 in federal and other funds?"
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. If a majority of the legal votes are cast in favor of this Part, the Governor shall proclaim the result without delay and this Part 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 Part necessary to carry out the purposes of this referendum.