[§173A-13] Payment of debt service on the Turtle Bay reimbursable general obligation bonds. [See Note below.] Notwithstanding any laws to the contrary:
(1) Beginning July 1, 2015, a nonprofit land conservation organization shall file an application annually with the board requesting $1,500,000 from the land conservation fund to be used for the reimbursement of debt service on the Turtle Bay reimbursable general obligation bonds until the bonds are fully amortized;
(2) The board shall not require the nonprofit land conservation organization that is the recipient of a grant for the payment of debt service on the Turtle Bay reimbursable general obligation bonds to provide any additional matching funds; and
(3) Moneys awarded for the payment of debt service on the Turtle Bay reimbursable general obligation bonds shall be deposited into the Turtle Bay conservation easement special fund. [L 2015, c 121, §3]
Note
Conditional repeal of L 2015, c 121 on January 1, 2016. L 2015, c 121, §17(1).
Cross References
Turtle Bay reimbursable general obligation bonds, see §171-171.
Section: Previous 173a-2.6 173a-3 173a-4 173a-4.5 173a-5 173a-6 173a-7 173a-8 173a-9 173a-10 173a-11 173a-12 173a-13Last modified: October 27, 2016