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subdivision of any other allocation made by the Legislature for the | | use of the Maine Turnpike Authority for the same calendar year | | subject to review by the joint standing committee of the | | Legislature having jurisdiction over transportation matters. | | Financial statements describing the transfer, other than a transfer | | from "General Contingency," must be submitted by the Maine Turnpike | | Authority to the Office of Fiscal and Program Review 30 days before | | the transfer is to be implemented. In case of extraordinary | | emergency transfers, the 30-day prior submission requirement may be | | waived by vote of the committee. These financial 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. |
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| | | Sec. 3. Encumbered balance at year-end. At the end of each calendar | | year, encumbered balances may be carried to the next calendar | | year. |
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| | | Sec. 4. Supplemental information. As required by the Maine Revised | | Statutes, Title 23, section 1961, subsection 6, the following | | statement of the revenues in 2005 that are necessary for capital | | expenditures and reserves and to meet the requirements of any | | resolution authorizing bonds of the Maine Turnpike Authority | | during 2005, including debt service and the maintenance of | | reserves for debt service and reserve maintenance, is submitted. |
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| | | Turnpike Revenue Bond Resolution |
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| | | Adopted April 18, 1991; Issuance |
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| | | of Bonds Authorized Pursuant to |
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| | | the Maine Revised Statutes, |
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| | | Debt Service Fund | | $19,947,304 |
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| | | Reserve Maintenance Fund | | 16,000,000 |
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| | | General Reserve Fund, to be |
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| | | | Capital Improvements | | (3,373,887) |
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| | | | Debt Service Fund under the General |
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| | | | Special Obligation Bond Resolution |
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| | | | adopted May 15, 1996; issuance of |
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| | | | bonds authorized pursuant to the |
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