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ME LD821
Bill
AI Summary
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Allocates $58,939,550 in total revenue funds from Maine Turnpike Authority gross revenues for calendar year 2026, covering operations including fare collection ($16.3M), highway maintenance ($13.0M), and public safety ($9.8M)
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Sets aside $2,806,645 (5% of budgeted line items) as a general contingency fund, with up to 10% allowed by statute
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Authorizes transfers between budget allocations prior to year-end closing, subject to review by the Legislature's transportation committee and 30-day advance notice to the Office of Fiscal and Program Review
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Designates $132,277,074 for capital expenditures and bond obligations, including $44.4M for debt service, $42M for reserve maintenance, and $43.4M for capital improvements
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Approved by Governor on May 23, 2025 as Chapter 5 of Private and Special Laws
Legislative Description
An Act to Make Allocations from Maine Turnpike Authority Funds for the Maine Turnpike Authority for the Calendar Year Ending December 31, 2026
Turnpike Authority
Last Action
PASSED TO BE ENACTED, in concurrence.
5/21/2025