Sec. 1. P&SL 1989, c. 108, §4 is amended to read:

*Sec. 4. Location of the reserve. The reserve contains approximately 1,600 acres is located in the Town of Wells and includes lands between the Little River to the north and the Eldridge River to the south. The boundary to the east parallels the shoreline, excluding the shoreline development, and to the west is bordered by the coastal wetland margin includes lands adjacent to the Wells coastal wetlands and within the drainage basins of their tributary streams. Specifically, the reserve contains:

1. Lands in the Rachel Carson National Wildlife Refuge managed by the United States Fish and Wildlife Service;

2. Land purchased or acquired for a state park managed by the Bureau of Parks and Recreation Department of Conservation;

3. Submerged tidal lands managed by the Bureau of Public Lands Department of Conservation;

4. Land purchased by the Town of Wells or the State; and

5. Land donated by the Town of Wells to the Department of Conservation as a conservation easement.; and

6.__Other lands or interests in land in the location described in this section acquired by the reserve from willing sellers or added to the reserve by agreement for the purpose of furthering the reserve's conservation, research or educational programs.

Sec. 2. P&SL 1989, c. 108, §6, sub-§5 is amended to read:

5. Within 120 days after the close of its fiscal year, the authority shall provide a copy of its annual financial report certified by an independent certified public accountant selected by the authority to the Commissioner of Conservation, the Director of the State Planning Office, the Treasurer of State, the State Auditor and the Joint Standing Committee on Energy and Natural Resources joint standing committee of the Legislature having jurisdiction over conservation matters. The financial report must comply with federal Office of Management and Budget requirements.