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Private & Special Law
124th Legislature
First Regular Session
Chapter 16
H.P. 348 - L.D. 486
An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2010
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, 2010 must be segregated, apportioned and disbursed as designated in the following schedule.
MAINE TURNPIKE AUTHORITY	2010	
 	 	 	
Administration	 	
 	Personal Services	$1,228,245	
 	All Other	1,858,344	
 	 	 	
 	TOTAL	$3,086,589	
 	 	 	
Accounts and Controls	 	
 	 	 	
 	Personal Services	$3,130,431	
 	All Other	1,429,060	
 	 	 	
 	TOTAL	$4,559,491	
 	 	 	
Highway Maintenance	 	
 	 	 	
 	Personal Services	$4,385,102	
 	All Other	3,100,730	
 	 	 	
 	TOTAL	$7,485,832	
 	 	 	
Equipment Maintenance	 	
 	 	 	
 	Personal Services	$1,070,368	
 	All Other	2,299,303	
 	 	 	
 	TOTAL	$3,369,671	
 	 	 	
Fare Collection	 	
 	 	 	
 	Personal Services	$11,711,809	
 	All Other	4,943,656	
 	 	 	
 	TOTAL	$16,655,465	
 	 	 	
Public Safety and Special Services	 	
 	 	 	
 	Personal Services	$471,666	
 	All Other	5,398,112	
 	 	 	
 	TOTAL	$5,869,778	
 	 	 	
Building Maintenance	 	
 	 	 	
 	Personal Services	$781,733	
 	All Other	702,632	
 	 	 	
 	TOTAL	$1,484,365	
 	 	 	
Subtotal of Line Items Budgeted	$42,511,191	
 	 	 	
General Contingency - 5% of line items budgeted for 2010 (10% allowed)	2,125,560	
 	 	 	
MAINE TURNPIKE AUTHORITY	 	
TOTAL REVENUE FUNDS	$44,636,751	
 
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 2010 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2010, 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	2010	
 	 	 	 	
 	Debt Service Fund	$26,264,560	
 	 	 	 	
 	Reserve Maintenance Fund	25,000,000	
 	 	 	 	
 	General Reserve Fund, to be applied as follows:	 	
 	 	 	 	
 	 	Capital Improvements	12,679,899	
 	 	 	 	
 	 	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	2,466,813	
 	 	 	 	
TOTAL	$66,411,272	

Effective September 12, 2009