ME LD1292

Maine Turnpike Authority must transfer excess revenues and reserves to the Highway Fund on a quarterly basis for use by the Department of Transportation

Excess funds are defined as amounts exceeding the authority's operating budget (plus 10% contingency), reserve maintenance fund, debt service funds, and any legislatively-approved capital projects

Capital projects outside general turnpike maintenance must be approved by both the Legislature and Department of Transportation and found to be higher priority than other department projects

Contributions to the Highway Fund are added as an authorized use of turnpike revenues alongside existing uses like construction, maintenance, and bond payments

Trust fund management responsibility shifts from the Maine Turnpike Authority to the Department of Transportation for reserve and sinking funds related to bond retirement