§54. Fees

All Effective October 1, 2005, all fees collected under this chapter shall must be deposited to the Treasurer of State, and by the Treasurer of State credited to the General Fund State Transit, Aviation and Rail Transportation Fund.

Sec. GGG-3. 23 MRSA §§4210-B, 4210-C and 4210-D are enacted to read:

§4210-B. State Transit, Aviation and Rail Transportation Fund

1.__Establishment of fund. The State Transit, Aviation and Rail Transportation Fund, referred to in this section as "the STAR Transportation Fund" is established as an enterprise fund through the Department of Administrative and Financial Services. Funds appropriated, allocated, transferred or deposited in the account accrue interest earnings that must be used within the STAR Transportation Fund.

2.__Establishment of program. The department shall establish the STAR Transportation Fund program through the Department of Administrative and Financial Services, Office of the State Controller.

3.__Use of funds.__The money deposited into the STAR Transportation Fund must be used for the support of the activities of the STAR Transportation Fund to manage transit, aeronautics and rail transportation.

4.__Disbursements from fund. Money disbursed from the STAR Transportation Fund may be used for the purpose of purchasing, operating, maintaining, improving, repairing, constructing and managing the assets of the STAR Transportation Fund including buildings, structures and improvements and equipment.

5.__Other fund sources. The STAR Transportation Fund may accept funds from other sources, including, but not limited to, the Federal Rail Administration, to carry out the provisions of this section.

6.__Financial management.__All assets including the cash balance, liabilities and equity in the Augusta State Airport Fund must be transferred to the STAR Transportation Fund and accounted for in a manner prescribed by the Department of Administrative and Financial Services, Office of the State Controller.