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Private & Special Law
124th Legislature
Second Regular Session
Chapter 34
S.P. 669 - L.D. 1746
An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2011
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, 2011 must be segregated, apportioned and disbursed as designated in the following schedule.
MAINE TURNPIKE AUTHORITY	2011	
 	 	 	
Administration	 	
 	Personal Services	$1,224,286	
 	All Other	1,836,660	
 	 	 	
 	TOTAL	$3,060,946	
 	 	 	
Accounts and Controls	 	
 	 	 	
 	Personal Services	$2,864,505	
 	All Other	1,301,395	
 	 	 	
 	TOTAL	$4,165,900	
 	 	 	
Highway Maintenance	 	
 	 	 	
 	Personal Services	$4,531,967	
 	All Other	3,373,926	
 	 	 	
 	TOTAL	$7,905,893	
 	 	 	
Equipment Maintenance	 	
 	 	 	
 	Personal Services	$1,119,432	
 	All Other	1,904,318	
 	 	 	
 	TOTAL	$3,023,750	
 	 	 	
Fare Collection	 	
 	 	 	
 	Personal Services	$11,579,643	
 	All Other	4,935,537	
 	 	 	
 	TOTAL	$16,515,180	
 	 	 	
Public Safety and Special Services	 	
 	 	 	
 	Personal Services	$486,450	
 	All Other	5,441,594	
 	 	 	
 	TOTAL	$5,928,044	
 	 	 	
Building Maintenance	 	
 	 	 	
 	Personal Services	$620,605	
 	All Other	659,881	
 	 	 	
 	TOTAL	$1,280,486	
 	 	 	
Subtotal of Line Items Budgeted	$41,880,199	
 	 	 	
General Contingency - 5% of line items budgeted for 2011 (10% allowed)	2,094,009	
 	 	 	
MAINE TURNPIKE AUTHORITY	 	
TOTAL REVENUE FUNDS	$43,974,208	
 
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 2011 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2011, 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	2011	
 	 	 	 	
 	Debt Service Fund	$32,436,225	
 	 	 	 	
 	Reserve Maintenance Fund	30,000,000	
 	 	 	 	
 	General Reserve Fund, to be applied as follows:	 	
 	 	 	 	
 	 	Capital Improvements	1,213,444	
 	 	 	 	
 	 	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	2,467,813	
 	 	 	 	
TOTAL	$66,117,482	

Effective July 12, 2010