| | | Preamble. Whereas, the Treasurer of State may not sell the | | remaining $4,530,000 in bonds authorized but not yet issued from | | the $50,000,000 Land for Maine's Future bond issue authorized by | | the voters in 1999 unless the Legislature reauthorizes the | | issuance of those bonds; and |
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| | | Whereas, the Land for Maine's Future Board requires this | | $4,530,000 in bonds to meet its obligations for previously | | authorized land conservation projects with state, municipal and | | private entities and to fulfill its obligations under the Maine | | Revised Statutes, Title 5, chapter 353 in order to protect public | | recreational opportunities, threatened farmland and the State's | | environment; now, therefore, be it |
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| | | Sec. 1. Extension for issuing. Resolved: That, pursuant to the provisions | | of the Constitution of Maine, Article IX, Section 14, the period | | for issuance of bonds or of bond anticipation notes authorized | | but unissued pursuant to Public Law 1999, chapter 514, authorized | | by the voters in a statewide election held on November 2, 1999, | | for the acquisition of land and interests in land for | | conservation, water access, outdoor recreation, wildlife and fish | | habitat and farmland preservation, is further extended for a 5- | | year period. |
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| | | This resolve extends the authority to issue bonds under the | | Land for Maine's Future program previously authorized in 1999. | | These funds are required to meet existing obligations incurred by | | the program under the 1999 bond issue and to fulfill its | | obligations under the Maine Revised Statutes, Title 5, chapter | | 353 to protect public recreational opportunities, threatened | | farmland and the State's natural heritage. |
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