APPROVED CHAPTER
JUNE 16, 2023 13
BY GOVERNOR P & S LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-THREE
_____
H.P. 47 - L.D. 72
An Act to Make Allocations from Maine Turnpike Authority Funds for the
Maine Turnpike Authority for the Calendar Year Ending December 31, 2024
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, 2024 must be segregated, apportioned and disbursed as
designated in the following schedule.
MAINE TURNPIKE AUTHORITY 2024
Administration
Personal Services $1,614,045
All Other 1,749,037
___________
TOTAL $3,363,082
Accounts and Controls
Personal Services $3,978,842
All Other 1,659,466
___________
TOTAL $5,638,308
Highway Maintenance
Personal Services $5,818,923
All Other 4,116,729
___________
TOTAL $9,935,652
Equipment Maintenance
Page 1 - 131LR0264(03)
 Personal Services $1,444,615
All Other 2,903,379
___________
TOTAL $4,347,994
Fare Collection
Personal Services $11,489,004
All Other 3,512,534
___________
TOTAL $15,001,538
Public Safety and Special Services
Personal Services $673,858
All Other 7,827,016
___________
TOTAL $8,500,874
Building Maintenance
Personal Services $826,149
All Other 740,393
___________
TOTAL $1,566,542
Subtotal of Line Items Budgeted $48,353,990
General Contingency - 10% of line items $4,835,399
budgeted for 2024 (10% allowed)
MAINE TURNPIKE AUTHORITY ___________
TOTAL REVENUE FUNDS $53,189,389
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
Page 2 - 131LR0264(03)
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 2024 that
are necessary for capital expenditures and reserves and to meet the requirements of any
resolution authorizing bonds of the Maine Turnpike Authority during 2024, including debt
service and the maintenance of reserves for debt service and reserve maintenance, is
submitted.
Turnpike Revenue Bond Resolution Adopted 2024
April 18, 1991; Issuance of Bonds Authorized
Pursuant to the Maine Revised Statutes, Title
23, section 1968, subsections 1 and 2-A
Debt Service Fund $41,338,528
Reserve Maintenance Fund 40,000,000
General Reserve Fund, to be applied as
follows:
Capital Improvements 42,814,087
Debt Service Fund under the General 2,444,050
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
___________
TOTAL $126,596,665
Page 3 - 131LR0264(03)