LD 1966
pg. 3
Page 2 of 3 An Act To Make Allocations from the Maine Turnpike Authority Funds for the Main... LD 1966 Title Page
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LR 3081
Item 1

 
of any resolution authorizing bonds of the Maine Turnpike Authority
during 2007, including debt service and the maintenance of reserves
for debt service and reserve maintenance, is submitted.

 
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-A.

 
2007

 
Debt Service Fund$24,051,801

 
Reserve Maintenance Fund22,000,000

 
General Reserve Fund, to be

 
applied as follows:

 
Capital Improvements3,096,487

 
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

 
2,464,588

 
____________

 
TOTAL$51,612,876

 
SUMMARY

 
This bill makes allocations from gross revenues of the Maine
Turnpike Authority for the payment of the authority's operating
expenses for the calendar year ending December 31, 2007 in
accordance with the requirements of the Maine Revised Statutes,
Title 23, section 1961, subsection 6.


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