LD 113
pg. 5
Page 4 of 7 An Act to Transfer State Ownership of Certain Railroad Rights-of-way and Create... Page 6 of 7
Download Bill Text
LR 23
Item 1

 
expedient, and all charges for services provided by the
department may be paid to it by the authority as mutually
agreed upon; and

 
6.__Other action.__Take all lawful action necessary and
incidental to effectuate the purposes set forth in this
chapter.

 
§8215. Obligations of authority

 
All expenses incurred in carrying out this chapter must be
paid solely from funds provided to or obtained by the
authority pursuant to this chapter.__Any notes, obligations or
liabilities under this chapter are not a debt of the State or
a pledge of the faith and credit of the State, but those
notes, obligations and liabilities are payable exclusively
from funds provided to or obtained by the authority pursuant
to this chapter.__Pecuniary liability of any kind may not be
imposed upon the State or any locality, town or landowner in
the State because of any act, agreement, contract, tort,
malfeasance, misfeasance or nonfeasance by or on the part of
the authority or its agents, servants or employees.__The
records and correspondence relating to negotiations, trade
secrets received by the authority and estimates of costs on
projects to be put out to bid are confidential.

 
§8216. Report to Legislature; departmental review

 
1.__Annual report.__By January 1st of each year, the
authority shall report to the joint standing committee of the
Legislature having jurisdiction over transportation matters
and to the Commissioner of Transportation on the programs
undertaken pursuant to this chapter and submit a report of
receipts and expenditures from all sources of funding.

 
2.__Operating budget.__By January 31st of each year, the
authority shall present the operating budget of the authority
for the next fiscal year beginning July 1st to the
Commissioner of Transportation for approval.__The authority
may make expenditures only in accordance with allocations
approved by the commissioner.__Any balance of an allocation
that at any time is not required for the purpose named in that
allocation may be transferred at any time prior to the closing
of the books to any other allocation for the use of the
authority for the same fiscal year, subject to review and
approval by the commissioner.__Fiscal statements describing a
transfer must be submitted by the authority to the
commissioner 30 days before the transfer is to be implemented.__
These fiscal statements must include information specifying
the accounts that are affected, amounts to be transferred, a
description of the transfer and a detailed explanation as to
why the transfer is needed.


Page 4 of 7 Top of Page Page 6 of 7