1. Prohibits the Maine Turnpike Authority from issuing any bonds after October 15, 2017;
2. Requires the Maine Turnpike Authority, no later than October 15, 2027, to set aside sufficient funds in trust to pay all its bonds and debts or to pay all its bonds and debts;
3. Requires the Maine Turnpike Authority, no later than April 1, 2018, to provide to the Department of Transportation a plan to accomplish the payment of outstanding debt held by the authority; and
4. Requires the Maine Turnpike Authority, no later than November 1, 2027, to submit for introduction to the Second Regular Session of the 132nd Legislature a bill to transfer all of the duties, responsibilities and assets of the authority to the department and to provide for the sale of all unnecessary equipment, buildings and property owned by the authority and the removal of all the toll facilities on the turnpike, with the exception of the York toll facility.
MTA Position: Opposes
Status: May 25th Public Hearing/ONTP report