Sec. 3. Encumbered balance at year-end. At the end of each calendar year, encumbered balances may be carried to the next calendar year.

Sec. 4. Supplemental information. As required by the Maine Revised Statutes, Title 23, section 1961, subsection 6, the following statement of the revenues in 2004 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2004, including debt service and the maintenance of reserves for debt service and reserve maintenance, is submitted.

2004

Turnpike Revenue Bond Resolution

Adopted April 18, 1991; Issuance

of Bonds Authorized Pursuant to

the Maine Revised Statutes, Title

23, section 1968, subsections 1 and 2.

Debt Service Fund $19,884,152

Reserve Maintenance Fund 14,000,000

General Reserve Fund, to be

applied as follows:

Capital Improvements 2,321,351

Debt Service Fund under the General Special Obligation Bond Resolution adopted May 15, 1996; issuance of bonds authorized pursuant to the Maine Revised Statutes, Title 23, section 1968, subsection

2-A. 2,466,290

__________

TOTAL $38,671,793

SUMMARY

This bill makes allocations from gross revenues of the Maine Turnpike Authority for the payment of the authority's operating