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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. |
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| | | Sec. 3. Encumbered balance at year-end. At the end of each calendar | | year, encumbered balances may be carried to the next calendar | | year. |
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| | | Sec. 4. Supplemental information. As required by the Maine Revised | | Statutes, Title 23, section 1961, subsection 6, the following | | statement of the revenues in 2007 that are necessary for capital | | expenditures and reserves and to meet the requirements of any | | resolution authorizing bonds of the Maine Turnpike Authority | | during 2007, including debt service and the maintenance of | | reserves for debt service and reserve maintenance, is submitted. |
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| | | Turnpike Revenue Bond Resolution |
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| | | Adopted April 18, 1991; Issuance |
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| | | of Bonds Authorized Pursuant to |
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| | | the Maine Revised Statutes, |
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| | | Debt Service Fund | | $24,051,801 |
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| | | Reserve Maintenance Fund | | 22,000,000 |
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| | | General Reserve Fund, to be |
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| | | | Capital Improvements | | 3,096,487 |
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