Maine Statutes
§ 23 §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 provisions thereof, and after deducting the amount provided to the department pursuant to section 1961, subsection 7, must be held and invested by the authority to establish trust funds for reserve and sinking funds for the retirement of bonded indebtedness.
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Maine § 23 §1977 (Trust funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1981, c. 595, §3 (NEW). IB 1991, c. 1, §9 (AMD). PL 2011, c. 302, §16 (AMD).
Nearby Sections
15
§ 23 §1901
Legislative findings§ 23 §1902
Policy and purposes§ 23 §1903
Definitions§ 23 §1904
Travel Information Advisory Council§ 23 §1905
Official tourist information centers§ 23 §1906
Official business directional signs§ 23 §1907
Published information§ 23 §1908
Regulation of outdoor advertising§ 23 §1908-A
Outdoor advertising; publicly owned bus stops§ 23 §1908-B
Outdoor advertising; outdoor athletic facilities§ 23 §1910
Types and arrangements of signs§ 23 §1911
Number and location of signs§ 23 §1912
Permitted locations