CHAPTER 54

H.P. 153 - L.D. 202

An Act To Clarify Matters Relating to the Offices of

Secretary and Treasurer of the Maine Turnpike Authority

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

Sec. 1. 23 MRSA §1965, sub-§2, ¶B, as amended by PL 1999, c. 177, §3, is further amended to read:

B. Immediately after their appointments, the members of the authority shall enter upon their duties. The Governor shall name one of the appointed members as chair of the authority. The authority shall elect a secretary and a treasurer, who need not be a member members of the authority, and.__The offices of secretary and treasurer may be held simultaneously by the same person. The authority shall elect an executive director or general manager who is not a member of the authority. No A vacancy in the authority impairs does not impair the right of a quorum of the members to exercise all the rights and perform all the duties of the authority.

Sec. 2. 23 MRSA §1965, sub-§2, ¶C, as amended by PL 1983, c. 812, §143, is further amended to read:

C. Before the issuance of any bonds under this chapter, the secretary and the treasurer shall each execute a security bond in the penalty of $100,000 $50,000. Each security bond must be approved by the Attorney General and shall must be conditioned upon the faithful performance of the duties of his office the secretary's and treasurer's offices, which bond shall must be filed in the office of the State Auditor. Each member of the authority shall be compensated