An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2018

Sec. 1. Allocation. Gross revenues of the Maine Turnpike Authority for the calendar year ending December 31, 2018 must be segregated, apportioned and disbursed as designated in the following schedule.

MAINE TURNPIKE AUTHORITY		2018
Administration
	Personal Services	$1,194,182
	All Other	1,598,090
	TOTAL	$2,792,272
Accounts and Controls
	Personal Services	$2,947,818
	All Other	1,296,638
	TOTAL	$4,244,456
Highway Maintenance
	Personal Services	$4,352,561
	All Other	3,162,109
	TOTAL	$7,514,670
Equipment Maintenance
	Personal Services	$1,181,552
	All Other	2,343,716
	TOTAL	$3,525,268
Fare Collection
	Personal Services	$9,876,542
	All Other	4,269,412
	TOTAL	$14,145,954
Public Safety and Special Services
	Personal Services	$509,584
	All Other	6,990,847
	TOTAL	$7,500,431
Building Maintenance
	Personal Services	$572,153
	All Other	608,862
	TOTAL	$1,181,015
Subtotal of Line Items Budgeted		$40,904,066
General Contingency - 10% of line items budgeted for 2018 (10% allowed)		$4,090,405
MAINE TURNPIKE AUTHORITY
TOTAL REVENUE FUNDS		$44,994,471

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 2018 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2018, 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, subsection 1 and former subsection 2			2018
	Debt Service Fund		$33,520,903
	Reserve Maintenance Fund		37,000,000
	General Reserve Fund, to be applied as follows:
		Capital Improvements	23,068,314
		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	3,702,300
TOTAL			$97,291,517

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, 2018 in accordance with the requirements of the Maine Revised Statutes, Title 23, section 1961, subsection 6.