Sec. 4. Interest and debt retirement. The Treasurer of State shall pay interest due or accruing on any bonds issued under this Act and all sums coming due for payment of bonds at maturity.

Sec. 5. Disbursement of bond proceeds. The proceeds of the bonds must be expended as set out in section 6 under the direction and supervision of the Department of Agriculture, Food and Rural Resources and the Department of Inland Fisheries and Wildlife.

Sec. 6. Allocations from General Fund bond issue; construct new or retrofit existing pollution control structures on Maine farms to protect the environment, construct environmentally sound water sources that help avoid drought damage to crops, recapitalize the Potato Market Improvement Fund and make renovations and enhance wastewater treatment at the Department of Inland Fisheries and Wildlife's fish-rearing facilities. The proceeds of the sale of the bonds must be expended as designated in the following schedule.

AGRICULTURE, FOOD AND RURAL

RESOURCES, DEPARTMENT OF

Construction of new or retrofitting $1,500,000

of existing manure pollution control

structures on Maine farms to comply

with Maine law. These state funds

will be matched with federal and

private funds.

Construction of environmentally sound $500,000

water sources that help avoid drought

damage to crops.

Recapitalize the Potato Market $500,000

Improvement Fund. These state funds

will match private funds and be used to

construct potato storage facilities.

INLAND FISHERIES AND WILDLIFE,

DEPARTMENT OF

Renovations and enhancement to $7,000,000

wastewater treatment at the Department

of Inland Fisheries and Wildlife's

fish-rearing facilities.

__________

TOTAL ALLOCATIONS $9,500,000

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 the 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.

Sec. 10. Referendum for ratification; submission at general election; form of question; effective date. This Act must be submitted to the legal voters of the State of Maine at the next general election in the month of November 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 general election, to vote on the acceptance or rejection of this Act by voting on the following question:

"Do you favor a $9,500,000 bond issue for the following purposes:

1. The sum of $1,500,000 to construct new or retrofit existing pollution control structures on Maine farms to protect the environment;

2. The sum of $500,000 to construct environmentally sound water sources that help avoid drought damage to crops;

3. The sum of $500,000 to recapitalize the Potato Market Improvement Fund; and

4. The sum of $7,000,000 to make renovations and enhance wastewater treatment at the Department of Inland Fisheries and Wildlife's fish-rearing facilities?"

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 and, if a majority of the legal votes are cast in favor of this Act, the Governor shall proclaim the result without delay, and this Act 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 Act necessary to carry out the purpose of this referendum.

SUMMARY

The funds provided by this bond issue, in the amount of $9,500,000, will be used for the following purposes:

1. The sum of $1,500,000 to construct new or retrofit existing pollution control structures on Maine farms to protect the environment;

2. The sum of $500,000 to construct environmentally sound water sources that help avoid drought damage to crops;

3. The sum of $500,000 to recapitalize the Potato Market Improvement Fund; and

4. The sum of $7,000,000 to make renovations and enhance wastewater treatment at the Department of Inland Fisheries and Wildlife's fish-rearing facilities.