LD 2489
pg. 3
Page 2 of 3 An Act to Make Allocations from Maine Turnpike Authority Funds for the Maine Tu... LD 2489 Title Page
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LR 3920
Item 1

 
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 2001 that are necessary for capital
expenditures and reserves and to meet the requirements of any
resolution authorizing bonds of the Maine Turnpike Authority
during 2001, including debt service and the maintenance of
reserves for debt service and reserve maintenance, is submitted.

 
2001

 
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.

 
Debt Service Fund$17,240,000

 
Reserve Maintenance Fund18,500,000

 
General Reserve Fund, to be

 
applied as follows:

 
Capital Improvements431,459

 
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. 2,466,885

 
__________

 
TOTAL$38,638,344

 
SUMMARY

 
This bill makes allocations from gross revenues of the Maine
Turnpike Authority for the payment of the authority's operating
expenses for the calendar year ending December 31, 2001 in
accordance with the requirements of the Maine Revised Statutes,
Title 23, section 1961, subsection 6.


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