An Act To Authorize A General Fund Bond Issue To Replenish The Land For Maine'S Future Program
Died in Possession of the Committee Upon Conclusion of the 132nd Legislature and PLACED IN THE LEGISLATIVE FILES (DEAD).
Summary
The bill would let the state sell up to $50 million in general‑fund bonds, with the money earmarked for the Land for Maine’s Future Board to buy land for conservation, wildlife habitat, recreation, farmland and waterfront preservation. The bonds could be issued for up to ten years and would only take effect if voters approve the measure in a November referendum. Any unspent money after ten years would revert to the state treasurer for debt retirement.
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