CHAPTER 19
H.P. 396 - L.D. 527
An Act to Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2000
Be it enacted by the People of the State of Maine as follows:
Sec. 1. Allocation. Gross revenues of the Maine Turnpike Authority for the calendar year ending December 31, 2000 must be segregated, apportioned and disbursed as designated in the following schedule.
2000
MAINE TURNPIKE AUTHORITY
Administration
Personal Services $541,542
All Other 885,646
__________
TOTAL 1,427,188
Accounts and Controls
Personal Services 500,471
All Other 244,264
__________
TOTAL 744,735
Highway Maintenance
Personal Services 2,827,805
All Other 1,958,675
__________
TOTAL 4,786,480
Equipment Maintenance
Personal Services 694,811
All Other 971,917
__________
TOTAL 1,666,728
Fare Collection
Personal Services 7,657,750
All Other 3,294,561
__________
TOTAL 10,952,311
Public Safety and Special Services
Personal Services 222,897
All Other 3,821,479
__________
TOTAL 4,044,376
Building Maintenance
Personal Services 513,723
All Other 459,971
__________
TOTAL 973,694
____________
Subtotal of Line Items Budgeted 24,595,513
General Contingency -
5% of line items budgeted for 2000
(10% allowed) 1,229,766
MAINE TURNPIKE AUTHORITY __________
TOTAL REVENUE FUNDS $25,825,289
Sec. 2. Transfer of allocations. Any balance of an 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 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 case of extraor-dinary 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 2000 that are necessary for capital expenditures and reserves and to meet the requirements of any resolution authorizing bonds of the Maine Turnpike Authority during 2000, including debt service and the maintenance of reserves for debt service and reserve maintenance, is submitted.
2000
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.
Debt Service Fund $10,262,196
Reserve Maintenance Fund 18,500,000
General Reserve Fund, to be
applied as follows:
Capital Improvements 3,520,706
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. 2,467,766
_____________
TOTAL $34,750,668
Effective September 18, 1999, unless otherwise indicated.
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