An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2015

Sec. 1. Allocation. Gross revenues of the Maine Turnpike Authority for the calendar year ending December 31, 2015 must be segregated, apportioned and disbursed as designated in the following schedule.

MAINE TURNPIKE AUTHORITY		2015
Administration
	Personal Services	$1,053,581
	All Other	1,488,781
	TOTAL	$2,542,362
Accounts and Controls
	Personal Services	$2,678,020
	All Other	1,257,011
	TOTAL	$3,935,031
Highway Maintenance
	Personal Services	$4,173,193
	All Other	2,841,637
	TOTAL	$7,014,830
Equipment Maintenance
	Personal Services	$1,105,243
	All Other	2,122,510
	TOTAL	$3,227,753
Fare Collection
	Personal Services	$9,579,781
	All Other	3,798,814
	TOTAL	$13,378,595
Public Safety and Special Services
	Personal Services	$417,367
	All Other	5,919,993
	TOTAL	$6,337,360
Building Maintenance
	Personal Services	$528,903
	All Other	515,913
	TOTAL	$1,044,816
Subtotal of Line Items Budgeted		$37,480,746
General Contingency - 10% of line items budgeted for 2015 (10% allowed)		3,748,075
MAINE TURNPIKE AUTHORITY
TOTAL REVENUE FUNDS		$41,228,821

Sec. 2. Transfer of allocations. Any balance of the allocation for "General Contingency" made by the Legislature for 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 the 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 2015 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2015, including debt service and the maintenance of reserves for debt service and reserve maintenance, is submitted.

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-A			2015
	Debt Service Fund		$35,879,234
	Reserve Maintenance Fund		30,000,000
	General Reserve Fund, to be applied as follows:
		Capital Improvements	24,121,604
		Debt Service Fund under the General Special Obligation Bond Resolution Adopted May 15, 1996; Issuance of Bonds Authorized Pursuant to the Maine Revised Statutes, Title 23, section 1968, subsection 2-A	2,467,250
TOTAL			$92,468,088

summary

This bill makes allocations from gross revenues of the Maine Turnpike Authority for the payment of the authority's operating expenses for the calendar year ending December 31, 2015 in accordance with the requirements of the Maine Revised Statutes, Title 23, section 1961, subsection 6.