HP1332
LD 1861		 Session - 129th Maine Legislature
C "A", Filing Number H-673, Sponsored by
LR 3124
Item 2
Bill Tracking, Additional Documents Chamber Status

Amend the bill by striking out the title and substituting the following:

‘An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2021 and To Increase the Maine Turnpike Authority Revenue Bond Limit’

Amend the bill by inserting after the enacting clause and before section 1 the following:

‘Sec. 1. 23 MRSA §1968, sub-§1,  as amended by PL 2007, c. 270, §3, is further amended to read:

1. Turnpike revenue bonds.   In addition to bonds outstanding pursuant to any other provision of this chapter, the authority may provide by resolution from time to time for the issuance of turnpike revenue bonds, including notes or other evidences of indebtedness or obligations defined to be bonds under this chapter, but not exceeding $486,000,000 $600,000,000 in the principal amount at any one time outstanding exclusive of refundings, for any purpose described in section 1969, subsection 1.’

Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.

SUMMARY

This amendment increases the Maine Turnpike Authority revenue bond limit from $486,000,000 to $600,000,000.

FISCAL NOTE REQUIRED
(See attached)

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