CHAPTER 32

S.P. 212 - L.D. 603

An Act To Simplify the Bonding Limitations of the Maine

Turnpike Authority

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 23 MRSA §1968, sub-§1, as amended by PL 2001, c. 311, §1, is further amended to read:

1. Turnpike revenue bonds. In addition to bonds outstanding pursuant to any other provision of this chapter, the authority may provide by resolution from time to time for the issuance of turnpike revenue bonds, including notes or other evidences of indebtedness or obligations defined to be bonds under this chapter, but not exceeding $210,000,000 $291,000,000 in the principal amount at any one time outstanding exclusive of refundings, for any purpose described in section 1969, subsection 1.

Sec. 2. 23 MRSA §1968, sub-§2, as amended by PL 1997, c. 646, §1, is repealed.

Sec. 3. 23 MRSA §1968, sub-§2-B, as enacted by PL 1997, c. 646, §3, is repealed.