LD 1406
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 1248
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 or part of any project.__"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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