Sec. 1. 5 MRSA §6203, sub-§2, as amended by PL 1993, c. 728, §4, is further amended to read:

2. Fund available. The Land for Maine's Future Fund is available to state agencies and designated cooperating entities upon authorization of the board for the purposes identified in subsection 3. Funds from the stewardship account are available to state agencies for the purposes under section 6203-B.

Sec. 2. 5 MRSA §6203, sub-§3, as amended by PL 1999, c. 769, §§1 and 2, is further amended to read:

3. Fund proceeds. The Twenty percent of fund proceeds from the sale of bonds and 20% of contributions from public sources must be transferred to the stewardship account for expenditure in accordance with section 6203-B.__All other proceeds of the Land for Maine's Future Fund may be applied and expended to:

A. Acquire property or an interest in property that is determined by the board to be of state significance under the guidelines of this chapter;

B. Fund minor capital improvements on lands acquired by proceeds from the Land for Maine's Future Fund to improve accessibility, as long as these improvements do not exceed 5% of the appraised value of the acquired property; and

C. When interest in farmland is acquired, fund the development of a business plan and capital improvements to provide for the land's continuing use as a working farm, as long as these improvements do not exceed 5% of the appraised value of the acquired property.

Sec. 3. 5 MRSA §6203-A, sub-§§2 and 3, as enacted by PL 1993, c. 728, §5, are amended to read:

2. Fund available. The Public Access to Maine Waters Fund is available to state agencies and designated cooperating entities upon authorization of the board for the purposes identified in subsection 3. Funds from the stewardship account are available to state agencies for the purposes identified in section 6203-B.

3. Fund proceeds. Twenty percent of fund proceeds from the sale of bonds and 20% of contributions from public sources must be transferred to the stewardship account for expenditure in accordance with section 6203-B. The All other proceeds of the Public Access to Maine Waters Fund may be applied and expended to: