124th MAINE LEGISLATURE
		LD 486		LR 964(02)
	An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2010
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium cost increase - Highway Fund Current biennium revenue decrease - Other Special Revenue Funds Current biennium revenue decrease - Maine Turnpike Authority Current biennium savings - Maine Turnpike Authority
Fiscal Detail and Notes
	This bill makes allocations from Maine Turnpike Authority funds of $24,536,751 for the authority's operating expenses for the calendar year ending December 31, 2010.  Maine Turnpike Authority revenue of $90,948,023 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.
	The bill decreases the Maine Turnpike Authority tolls to the schedules used in fiscal year 2007-08 and results in a loss of revenue to the Authority of $20,100,000 which has been allocated across the board to each operating expense category.  Amounts budgeted for Public Safety and Special Services, which includes funds that are paid to the Department of Public Safety, State Police, have been reduced from $5,398,112 to $2,967,334, a $2,430,778 reduction.  The Department of Public Safety would need to either eliminate staff or shift staff to the Highway Fund to cover this reduction.