An Act To Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2021

Sec. 1. Allocation. Gross revenues of the Maine Turnpike Authority for the calendar year ending December 31, 2021 must be segregated, apportioned and disbursed as designated in the following schedule.

MAINE TURNPIKE AUTHORITY		2021
Administration
	Personal Services	$1,249,100
	All Other	1,609,071
	TOTAL	$2,858,171
Accounts and Controls
	Personal Services	$3,229,665
	All Other	1,442,016
	TOTAL	$4,671,681
Highway Maintenance
	Personal Services	$4,742,834
	All Other	3,551,992
	TOTAL	$8,294,826
Equipment Maintenance
	Personal Services	$1,256,405
	All Other	2,641,450
	TOTAL	$3,897,855
Fare Collection
	Personal Services	$11,029,284
	All Other	4,494,129
	TOTAL	$15,523,413
Public Safety and Special Services
	Personal Services	$646,038
	All Other	7,511,718
	TOTAL	$8,157,756
Building Maintenance
	Personal Services	$677,666
	All Other	667,438
	TOTAL	$1,345,104
Subtotal of Line Items Budgeted		$44,748,806
General Contingency - 10% of line items budgeted for 2021 (10% allowed)		$4,474,881
MAINE TURNPIKE AUTHORITY
TOTAL REVENUE FUNDS		$49,223,687

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 2021 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2021, 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			2021
	Debt Service Fund		$36,077,640
	Reserve Maintenance Fund		40,000,000
	General Reserve Fund, to be applied as follows:
		Capital Improvements	27,055,656
		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	2,444,000
TOTAL			$105,577,296

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, 2021 in accordance with the requirements of the Maine Revised Statutes, Title 23, section 1961, subsection 6.