Resolve, Reauthorizing the Balance of the 2009 Bond Issue for Land Conservation Projects

Emergency preamble. Whereas,  acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas,  the Treasurer of State may not sell the remaining bonds authorized but not yet issued from the Land for Maine's Future Board bond issue authorized by the voters in November 2010 unless the Legislature reauthorizes the issuance of those bonds; and

Whereas,  the Land for Maine's Future Board requires the funds to meet its obligations for previously authorized land conservation projects with state, municipal and private entities and to fulfill its obligations under the Maine Revised Statutes, Title 5, chapter 353 in order to protect public recreational opportunities, farmland and the State's environment; and

Whereas,  in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore, be it

Sec. 1. Extension for issuing. Resolved: That, pursuant to the provisions of the Constitution of Maine, Article IX, Section 14, the period for issuance of unissued bonds or bond anticipation notes authorized pursuant to Public Law 2009, chapter 414, as amended by Public Law 2009, chapter 645, and authorized by the voters in a statewide election held on November 2, 2010, for land conservation purposes, is extended for a 5-year period.

Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.