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This
bill makes allocations from the Maine Turnpike Authority funds of $31,100,531
for the authority's operating expenses for the calendar year ending December
31, 2004. Maine Turnpike Authority revenues of $69,772,324 are budgeted to
fund those allocations. Included in
the budgeted revenues but not allocated is $2,466,290 required to pay off
bonds authorized by the Legislature for specified Department of
Transportation projects. These bonds
were issued by the Maine Turnpike Authority pursuant to the Maine Revised
Statutes, Title 23, section 1968, subsection 2-A. This bill also includes budgeted revenues of $14,000,000 for
the Reserve Maintenance Fund, $19,884,152 for the Debt Service Fund and
$2,321,351 for capital improvements at new interchanges. The funds that are not allocated in the
bill are not subject to the transfer limitations in section 2 of the bill. |
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