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 §1972. Refunding bonds
§1972. Refunding bonds The authority is authorized to provide by resolution for the issuance of turnpike revenue refunding bonds of the authority, including notes or other obligations defined as bonds under this chapter for the purpose of refunding any bonds then outstanding, including the payment of any redemption premium thereon and any interest accrued or […]
23 §1973. Maintenance of the turnpike
§1973. Maintenance of the turnpike 1. Maintenance and repair. The turnpike shall be maintained and repaired by and under the control of the authority and, at the discretion of the authority, the services of the Department of Transportation, as far as the services are available or expedient, may be utilized for this purpose. All charges […]
23 §1974. Use of turnpike revenues
§1974. Use of turnpike revenues 1. Expenditures. Expenditure of all tolls collected from the Maine Turnpike toll facilities and all other revenues derived from the turnpike operations after the effective date of this chapter shall be limited to the following purposes: A. Maintenance, repair and operation of the turnpike and the establishment of reserves […]
23 §1975. Provisions in case of default on bonds
§1975. Provisions in case of default on bonds Except as may otherwise be provided in a bond resolution or trust indenture or loan or security agreement, in the event that the authority shall default in the payment of principal or interest on any of its bonds after the principal or interest falls due and that […]
23 §1976. Interim certificates
§1976. Interim certificates Prior to the issuance of any bonds, the authority may issue interim certificates in such manner and with such conditions as the authority may determine to be exchanged for the bonds when issued. [PL 1981, c. 595, §3 (NEW).] SECTION HISTORY PL 1981, c. 595, §3 (NEW).
23 §1977. Trust funds
§1977. Trust funds Subject to any agreement with the bondholders, all revenue received from the operation of the turnpike after deducting expenditures required for the construction, reconstruction, operation and maintenance of the turnpike and for the payment of the principal and the interest on the bonds of the authority or otherwise in accordance with the […]
23 §1978. Termination of the authority
§1978. Termination of the authority The authority shall not be dissolved until such time as: [PL 1981, c. 595, §3 (NEW).] 1. Legislature provide for termination. The Legislature shall provide for its termination; and [PL 1981, c. 595, §3 (NEW).] 2. Payment of bonds, premiums and interest. All bonds, the premium, if any, […]
23 §1965-A. Widening of the turnpike between Exit 1 and Exit 6-A (REPEALED)
§1965-A. Widening of the turnpike between Exit 1 and Exit 6-A (REPEALED) SECTION HISTORY PL 1995, c. 341, §2 (NEW). PL 1995, c. 613, §3 (AMD). PL 1997, c. 493, §A2 (AMD). PL 1997, c. 493, §A3 (AFF). PL 2015, c. 5, §5 (RP).
23 §1979. Governmental functions
§1979. Governmental functions It is declared that the purposes of this chapter are public and that the authority shall be regarded as performing a governmental function in the carrying out of the provisions of this chapter. [PL 1981, c. 595, §3 (NEW).] SECTION HISTORY PL 1981, c. 595, §3 (NEW).