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This bill makes
allocations from Maine Turnpike Authority funds of $53,189,389 for the
authority's operating expenses for the calendar year ending December 31,
2024. Maine Turnpike Authority revenue of $179,786,054 is budgeted to fund
those allocations. Included in the budgeted revenue but not allocated is
$2,444,050 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 $40,000,000
for the Reserve Maintenance Fund, $41,338,528 for the Debt Service Fund and
$42,814,087 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. |