LD 1825
pg. 3
Page 2 of 3 An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Tu... LD 1825 Title Page
Download Bill Text
LR 2683
Item 1

 
expenditures and reserves and to meet the requirements of any
resolution authorizing bonds of the Maine Turnpike Authority during
2005, 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.

 
2005

 
Debt Service Fund$19,947,304

 
Reserve Maintenance Fund16,000,000

 
General Reserve Fund, to be

 
applied as follows:

 
Capital Improvements (3,373,887)

 
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

 
2,463,803

 
____________

 
TOTAL$35,037,220

 
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, 2005 in
accordance with the requirements of the Maine Revised Statutes,
Title 23, section 1961, subsection 6.


Page 2 of 3 Top of Page LD 1825 Title Page