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the bonds, which must be held by the Treasurer of State and paid by | | the Treasurer of State upon warrants drawn by the State Controller, | | are appropriated solely for the purposes set forth in this Part. | | Any unencumbered balances remaining at the completion of the | | projects in this Part lapse to the debt service account established | | for the retirement of these bonds. |
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| | | Sec. A-4. Interest and debt retirement. The Treasurer of State shall pay | | interest due or accruing on any bonds issued under this Part and | | all sums coming due for payment of bonds at maturity. |
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| | | Sec. A-5. Disbursement of bond proceeds. The proceeds of the bonds must | | be expended as set out in this Part under the direction and | | supervision of the Department of Transportation. |
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| | | Sec. A-6. Allocations from Highway Fund and General Fund bond issue. The | | proceeds of the sale of the bonds authorized under this Part must | | be expended as designated in the following schedule. |
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| | | DEPARTMENT OF TRANSPORTATION |
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| | | Highway and Bridge Improvements | | $27,000,000 |
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| | | Highway Fund Total | | $27,000,000 |
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| | | State-owned Ferry Vessels and Ferry and Port | | $3,500,000 |
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| | | Facilities (includes funds to rebuild the |
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| | | bulkhead at the Gulf of Maine Research |
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| | | Institute and the pier at Fort Preble in |
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| | | Airports (includes $450,000 for the Presque | | $1,700,000 |
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| | | Isle project, $250,000 for small airport projects |
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| | | and $1,000,000 for all other airport projects) |
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| | | Transit and Bus Improvements | | $500,000 |
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| | | Pedestrian and Bicycle Trails (aids local | | $400,000 |
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| | | General Fund Total | | $6,100,000 |
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