LD 990
pg. 2
Page 1 of 3 An Act to Authorize a General Fund Bond Issue to Reduce Household Hazardous Was... Page 3 of 3
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LR 2868
Item 1

 
Sec. 6. Allocations from General Fund bond issue; reduction of household hazardous waste
and increasing recycling of municipal solid waste. The proceeds of the sale of
bonds must be expended as designated in the following schedule.

 
EXECUTIVE DEPARTMENT

 
State Planning Office$1,500,000

 
Provides funds for the municipal recycling
capital grants program to be used for the
purchase of recycling and other equipment and
construction in order to increase recycling;
and for programs to reduce hazardous materials
in the waste stream through source separation,
collection and return to manufacturers,
recycling or proper disposal.

 
Department of Environmental Protection$500,000

 
Provides funds to establish regional household
hazardous waste and mercury collection
programs, including battery collection.

 
__________

 
TOTAL ALLOCATIONS$2,000,000

 
Sec. 7. Contingent upon ratification of bond issue. Sections 1 to 6 do not
become effective unless the people of the State have ratified the
issuance of bonds as set forth in this Act.

 
Sec. 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. 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 Act, 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.


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