ME LD362

Authorizes a $50,000,000 general obligation bond issue to replenish the Land for Maine's Future Program, with bonds backed by the full faith and credit of the State and a maximum term of 10 years

Funds would be administered by the Land for Maine's Future Board under the Department of Agriculture, Conservation and Forestry for acquiring land and land interests

Eligible uses include conservation, water access, wildlife and fish habitat (including deer wintering areas), outdoor recreation (hunting and fishing), working farmland preservation, and working waterfront preservation

Requires voter approval through a statewide referendum in November following legislative passage, with the act taking effect 30 days after the Governor proclaims majority approval

Bonds must be issued within 5 years of ratification or become deauthorized, though the Legislature may grant a one-time extension of up to 5 additional years