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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 §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).

23 §1965-B. Widening of the turnpike between mile marker 44 and mile marker 53

§1965-B. Widening of the turnpike between mile marker 44 and mile marker 53 1.  Evaluation of reasonable alternatives.  The authority shall complete an evaluation of reasonable alternatives to widening the turnpike to 3 lanes for each direction of travel in the corridor from mile marker 44 to mile marker 53. To evaluate reasonable alternatives, the […]

23 §1980. Penalties

§1980. Penalties Regulatory rules and laws shall be observed as follows.   [PL 1981, c. 595, §3 (NEW).] 1.  Traffic infraction.  Except as provided in subsection 1‑A, a violation of published rules relating to the turnpike or its use or services is a traffic infraction and is punishable by a fine of not more than […]

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 […]