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This bill makes
allocations from Maine Turnpike Authority funds of $63,939,259 for the
authority's operating expenses for the calendar year ending December 31,
2027. Maine Turnpike Authority revenue of $127,973,832 is budgeted to fund
those allocations. Included in the budgeted revenue but not allocated is
$2,357,000 to pay off bonds authorized by the Legislature for specified
Department of Transportation projects. These bonds were issued by the Maine
Turnpike Authority pursuant to the Maine Revised Statutes, Title 23, section
1968, subsection 2-A. This bill also includes budgeted revenue of $42,000,000
for the Reserve Maintenance Fund, $44,058,800 for the Debt Service Fund and
$39,558,032 for capital improvements at new interchanges. The funds that are
not allocated in the bill are not subject to the transfer limitations in
section 2 of the bill. |