§6203-A. Public Access to Maine Waters Fund

Link to law: http://legislature.maine.gov/legis/statutes/5/title5sec6203-A.html
Published: 2015

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§6203-A. Public Access to Maine Waters Fund








1. Fund established. 
There is established the Public Access to Maine Waters Fund that is administered
by the board. The Public Access to Maine Waters Fund consists of the proceeds from
the sale of bonds authorized for the purposes set forth in subsection 3 and funds
received as contributions from private and public sources for those purposes. The
Public Access to Maine Waters Fund must be held separate and apart from all other
money, funds and accounts. Eligible investment earnings credited to the assets of
the Public Access to Maine Waters Fund become part of the assets of that fund. Any
balance remaining in the Public Access to Maine Waters Fund at the end of a fiscal
year must be carried forward for the next fiscal year.


[
1993, c. 728, §5 (NEW)
.]








2. Fund available. 
The Public Access to Maine Waters Fund is available to state agencies and designated
cooperating entities upon authorization of the board for the purposes identified in
subsection 3.


[
1993, c. 728, §5 (NEW)
.]








3. Fund proceeds. 
The proceeds of the Public Access to Maine Waters Fund may be applied and expended
to:





A. Acquire property or interests in property abutting fresh or coastal waters when
public access to those waters does not exist or when the board determines that existing
points of public access are not sufficient; and [1993, c. 728, §5 (NEW).]










B. Provide minor capital improvements on lands acquired by proceeds from the Public
Access to Maine Waters Fund to provide public access or improve accessibility, as
long as these improvements do not exceed 5% of the appraised value of the acquired
property. [1993, c. 728, §5 (NEW).]







[
1993, c. 728, §5 (NEW)
.]





SECTION HISTORY

1993, c. 728, §5 (NEW).