LD 1177
pg. 2
Page 1 of 20 An Act To Preserve Public Access and Job Opportunities in the North Woods Page 3 of 20
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LR 1057
Item 1

 
4.__Bonds.__"Bonds" means bonds or securities of the board
issued pursuant to this Act.

 
5.__Cooperating entities.__"Cooperating entities" means
those private nonprofit organizations, municipal conservation
commissions, local governments, federal agencies or other
bodies designated by the board under section 6407 to assist
the State in the acquisition or management of lands.

 
6.__Fund.__"Fund" means the Maine Woods Fund as established
in section 6411.

 
7.__Holder of securities or holder.__"Holder of securities"
or "holder," when used with reference to securities of the
board, means a person who is the bearer of outstanding
securities of the board registered to bearer or not registered
or the registered owner of outstanding securities of the board
that at the time of registration are registered other than to
bearer.

 
8.__Matching funds.__"Matching funds" means any combination
of public and private funds used in conjunction with the fund
for the purpose of this chapter, including, but not limited
to: private contributions of cash or securities; money from
municipal or other public agencies; money from a federal
matching program, subject to the limitations of applicable
federal and state laws, in an amount authorized by the federal
program; contributions of real property or interest in real
property that serves the acquisition needs of the State as
determined by the board; in-kind contributions; or any
combination of those.__Contributions of land or interest in
land must be valued for purposes of this section in the amount
of their appraised value.

 
9.__Notes.__"Notes" means notes of the board issued pursuant
to this Act.

 
10.__Project, projects.__"Project, projects or part of any
project" means the acquisition, improvement or management of
real or personal property to carry out the purposes of this
Act.

 
11.__Securities.__"Securities" means bonds, notes or other
evidences of indebtedness.

 
12.__Stewardship account.__"Stewardship account" means an
account held separate and apart from all other money, funds
and accounts of a state agency for the purposes of management
of land owned in fee or less-than-fee simple meeting the
criteria established in section 6406, subsection 1.


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