Personal Services 328,778

All Other 4,773,074

__________

TOTAL 5,101,852

Building Maintenance

Personal Services 543,253

All Other 465,082

__________

TOTAL 1,008,335

__________

Subtotal of Line Items Budgeted 28,041,869

General Contingency -

5% of line items budgeted for 2002

(10% allowed) 1,402,094

MAINE TURNPIKE AUTHORITY __________

TOTAL REVENUE FUNDS $29,443,963

Sec. 2. Transfer of allocations. Any balance of an 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 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 2002 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2002, including debt service and the maintenance of reserves for debt service and reserve maintenance, is submitted.

2002

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 $17,346,050

Reserve Maintenance Fund 18,000,000

General Reserve Fund, to be

applied as follows:

Capital Improvements 91,981

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. 2,468,085

__________

TOTAL $37,906,116

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, 2002 in accordance with the requirements of the Maine Revised Statutes, Title 23, section 1961, subsection 6.