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This
bill makes allocations from Maine Turnpike Authority funds of $44,636,751 for
the authority's operating expenses for the calendar year ending December 31,
2010. Maine Turnpike Authority revenue
of $111,048,023 is budgeted to fund those allocations. Included in the budgeted revenue but not
allocated is $2,466,813 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 revenue of $25,000,000 for the Reserve Maintenance Fund,
$26,264,560 for the Debt Service Fund and $12,679,899 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. |