P & S Law Chapter 12

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 2004 that are necessary for capital
expenditures and reserves and to meet the requirements of any
resolution authorizing bonds of the Maine Turnpike Authority
during 2004, including debt service and the maintenance of
reserves for debt service and reserve maintenance, is submitted.

2004

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 $19,884,152

Reserve Maintenance Fund 14,000,000

General Reserve Fund, to be

Amendments	Public Hearing Schedule	Committee Information
Committee List	Work Session Schedule	Title & Section

	Search Bill Text	Legislative Information
Bill Directory	Search Bill Status	Session Information
119th Legislature Bills	Search Bill Status	Maine Legislature

Office of Legislative Information 100 State House Station Augusta, ME 04333		voice: (207) 287-1692 fax: (207) 287-1580 tty: (207) 287-6826
Word Viewer for Windows		Disclaimer