An Act To Invest in the Stewardship and Management of Properties Acquired with the Proceeds from the Land for Maine’s Future Fund or the Public Access to Maine Waters Fund
This bill allows a portion of Land for Maine’s Future funds to be used to fund capital investments in the stewardship and management of acquired properties.
Stewardship and management investments must be held in a dedicated stewardship endowment and identified for use on the funded property. Stewardship and management investments may not exceed 5% of the appraised value of the acquired property.
This bill was enacted on April 7, 2021.