An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2008

Sec. 1. Allocation. Gross revenues of the Maine Turnpike Authority for the calendar year ending December 31, 2008 must be segregated, apportioned and disbursed as designated in the following schedule.

MAINE TURNPIKE AUTHORITY		2008
Administration
	Personal Services	$1,169,667
	All Other	1,545,030
	TOTAL	$2,714,697
Accounts and Controls
	Personal Services	$2,897,461
	All Other	1,351,038
	TOTAL	$4,248,499
Highway Maintenance
	Personal Services	$4,044,106
	All Other	2,923,957
	TOTAL	$6,968,063
Equipment Maintenance
	Personal Services	$1,076,846
	All Other	1,536,159
	TOTAL	$2,613,005
Fare Collection
	Personal Services	$12,563,544
	All Other	4,763,323
	TOTAL	$17,326,867
Public Safety and Special Services
	Personal Services	$491,636
	All Other	7,013,044
	TOTAL	$7,504,680
Building Maintenance
	Personal Services	$711,532
	All Other	672,857
	TOTAL	$1,384,389
Subtotal of Line Items Budgeted		$42,760,200
General Contingency - 5% of line items budgeted for 2008 (10% allowed)		2,138,009
MAINE TURNPIKE AUTHORITY
TOTAL REVENUE FUNDS		$44,898,209

Sec. 2. Transfer of allocations. Any balance of the allocation for "General Contingency" made by the Legislature for the Maine Turnpike Authority may be transferred at any time prior to the closing of the books to any other allocation or subdivision of any other allocation made by the Legislature for the use of the Maine Turnpike Authority for the same calendar year. Any balance of any other allocation or subdivision of any other allocation made by the Legislature for the Maine Turnpike Authority that at any time is not required for the purpose named in the allocation or subdivision may be transferred at any time prior to the closing of the books to any other allocation or 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 the 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.

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 2008 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2008, 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			2008
	Debt Service Fund		$26,893,601
	Reserve Maintenance Fund		22,000,000
	General Reserve Fund, to be applied as follows:
		Capital Improvements	(296,492)
		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	2,466,588
TOTAL			$51,063,697