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Page 1 - 132LR2974(02)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-SIX
_____
H.P. 1441 - L.D. 2152
An Act to Make Allocations from Maine Turnpike Authority Funds for the
Maine Turnpike Authority for the Calendar Year Ending December 31, 2027
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, 2027 must be segregated, apportioned and disbursed as
designated in the following schedule.
MAINE TURNPIKE AUTHORITY 2027
Administration
Personal Services $1,743,073
All Other 1,988,572
___________
TOTAL $3,731,645
Accounts and Controls
Personal Services $4,522,635
All Other 2,075,653
___________
TOTAL $6,598,288
Highway Maintenance
Personal Services $8,107,865
All Other 5,473,270
___________
TOTAL $13,581,135
Equipment Maintenance
APPROVED
MARCH 19, 2026
BY GOVERNOR
CHAPTER
15
P & S LAW
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Personal Services $1,889,717
All Other 3,983,550
___________
TOTAL $5,873,267
Fare Collection
Personal Services $11,968,837
All Other 4,458,974
___________
TOTAL $16,427,811
Public Safety and Special Services
Personal Services $772,225
All Other 9,253,515
___________
TOTAL $10,025,740
Building Maintenance
Personal Services $1,027,086
All Other 861,627
___________
TOTAL $1,888,713
Subtotal of Line Items Budgeted $58,126,599
General Contingency - 10% of line items
budgeted for 2027 (10% allowed)
$5,812,660
MAINE TURNPIKE AUTHORITY ___________
TOTAL REVENUE FUNDS $63,939,259
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 case of extraordinary emergency
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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 2027 that
are necessary for capital expenditures and reserves and to meet the requirements of any
resolution authorizing bonds of the Maine Turnpike Authority during 2027, 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
2027
Debt Service Fund $44,058,800
Reserve Maintenance Fund 42,000,000
General Reserve Fund, to be applied as
follows:
Capital Improvements 39,558,032
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
2,357,000
___________
TOTAL $127,973,832