Maine proposal sought voter approval for $50 million in land bonds

The proposal would let the state treasurer issue up to $50 million in bonds under the governor’s direction. The Land for Maine’s Future Board could use the money to acquire land for conservation, water access, wildlife or fish habitat, outdoor recreation, working farmland, and working waterfronts. Maine voters would have to approve the bonds. The bonds would be backed by the state and could run for no more than 10 years. The measure would have gone to voters at a statewide election in November following passage. If a majority approved it, it would have taken effect 30 days after the governor proclaimed the result. Bonds not issued within five years of approval would be canceled unless the Legislature extended that period.