23 §1983. Interest rate agreements
§1983. Interest rate agreements The authority is authorized to enter from time to time into agreements with another party, on terms and conditions that the authority determines are necessary or convenient, in which the authority agrees to make a payment to, or to receive a payment from, the other party based on a comparison at […]
23 §1965-C. Construction of a connector to Gorham
§1965-C. Construction of a connector to Gorham 1. Evaluation of reasonable alternatives. The authority and the department shall evaluate reasonable alternatives to the building of a connector to Gorham in Cumberland County from Route 114 in South Gorham to an interchange on the turnpike by completing an alternative mode feasibility study. The authority in […]
23 §1981. Effective date
§1981. Effective date This chapter shall take effect when approved, except that the authority may not, at any time before any bonds outstanding on the effective date and the interest thereon shall have been paid or a sufficient amount for the payment of any such bonds, premium, if any, and the interest to maturity or […]
23 §1966. Obligations of the authority
§1966. Obligations of the authority The authority shall operate as follows. [PL 1981, c. 595, §3 (NEW).] 1. General. All expenses incurred in carrying out this chapter shall be paid solely from funds provided under the authority of this chapter, and no liability or obligation may be incurred under this chapter beyond the extent […]
23 §1982. Confidentiality of authority records
§1982. Confidentiality of authority records A log or record identifying the name, address or travel patterns of a patron of the turnpike, whether prepared for enforcement of authority tolls or other purposes of the authority, is for the exclusive use of the authority in the discharge of its duties under this chapter. This material is […]
23 §1967. Property of the authority; eminent domain
§1967. Property of the authority; eminent domain The authority shall hold and acquire property as follows. [PL 1981, c. 595, §3 (NEW).] 1. Property of the authority. All property of the authority and all property held in the name of the State pursuant to the provisions of this chapter are exempt from levy and […]
23 §1968. Issuance of bonds
§1968. Issuance of bonds The authority may issue bonds as follows. [PL 1995, c. 138, §1 (RPR).] 1. Turnpike revenue bonds. In addition to bonds outstanding pursuant to any other provision of this chapter, the authority may provide by resolution from time to time for the issuance of turnpike revenue bonds, including notes or […]
23 §1969. Application of proceeds of bonds or notes in anticipation thereof
§1969. Application of proceeds of bonds or notes in anticipation thereof Bonds shall be applied as follows. [PL 1981, c. 595, §3 (NEW).] 1. Application. All moneys received from any bonds or bond anticipation notes issued pursuant to this chapter shall be applied solely: A. To the payment of the cost of the […]
23 §1970. Bonds; how secured
§1970. Bonds; how secured 1. Trust indentures. In the discretion of the authority, bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the State, or by a loan […]
23 §1971. Exemption from taxes
§1971. Exemption from taxes The accomplishment by the authority of the authorized purpose stated in this chapter being for the benefit of the people of the State and for the improvement of their commerce and prosperity in which accomplishment the authority will be performing essential governmental functions, the authority shall not be required to pay […]