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Private & Special Law
123rd Legislature
First Regular Session
Chapter 7
S.P. 102 - L.D. 319
An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2008
Be it enacted by the People of the State of Maine as follows:
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	

Effective September 20, 2007