An Act To Amend the Laws Governing the TransCap Trust Fund
Maine Legislature, Session 125, LD 0426
Committee: Transportation
Sponsors: THOMAS, CEBRA, COLLINS, SNOWE-MELLO, CRAFTS
Amends: 30-A MRSA §6006-G

Legislative Document 
No. 426 
S.P. 130 
In Senate, February 10, 2011 
An Act To Amend the Laws Governing the TransCap Trust Fund 
Reference to the Committee on Transportation suggested and ordered printed. 
JOSEPH G. CARLETON, JR. 
Secretary of the Senate 
Presented by Senator THOMAS of Somerset. 
Cosponsored by Representative CEBRA of Naples and 
Senators: COLLINS of York, SNOWE-MELLO of Androscoggin, Representatives: CRAFTS 
of Lisbon, McKANE of Newcastle. 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  30-A MRSA §6006-G, sub-§2, ¶A, as amended by PL 2009, c. 652, Pt. 
A, §43, is further amended to read: 
A.  Sums that are transferred to the fund from time to time by the Treasurer of State 
pursuant to Title 36, section 2903, subsection 6 and Title 36, section 3203, subsection 
except that 9.5% of the sums to be transferred must be transferred to the Urban-
Rural Initiative Program, Other Special Revenue Funds account within the 
Department of Transportation; 
Sec. 2.  30-A MRSA §6006-G, sub-§2, ¶B, as amended by PL 2009, c. 411, §1, 
is further amended to read: 
B.  Sums transferred to the fund from time to time by the Treasurer of State pursuant 
to Title 29-A, section 453, subsection 2; Title 29-A, section 501, subsection 1; Title 
29-A, section 504, subsection 1; and Title 29-A, section 603, subsection 1 except that 
9.5% of the sums to be transferred must be transferred to the Urban-Rural Initiative 
Program, Other Special Revenue Funds account within the Department of 
Transportation; and 
Sec. 3.  30-A MRSA §6006-G, sub-§3, as enacted by PL 2007, c. 470, Pt. D, §1, 
is amended to read: 
3.  Bond terms; authorized levels.  Bonds issued pursuant to this section may not 
have terms of more than 15 years.  Commencing with the budget presented for the fiscal 
year beginning July 1, 2009, each new authorization of TransCap revenue bonding must 
be presented for review and approval by the Legislature as part of the Highway Fund 
budget and, commencing October 1, 2011, each new authorization of TransCap revenue 
bonding must be approved by the voters at referendum. 
Sec. 4.  30-A MRSA §6006-G, sub-§6 is enacted to read: 
6.  Review.  Beginning in 2013, the joint standing committee of the Legislature 
having jurisdiction over transportation matters shall review the goals of the fund every 2 
years and may report out legislation related to its review to the first regular session of the 
Legislature. 
SUMMARY 
This bill provides that 9.5% of the money that otherwise would be deposited in the 
TransCap Trust Fund be transferred to the Urban-Rural Initiative Program, Other Special 
Revenue Funds account in the Department of Transportation and requires approval by the 
voters at referendum for each new authorization of TransCap revenue bonding beginning 
October 1, 2011.  It requires the joint standing committee of the Legislature having 
jurisdiction over transportation matters to review the goals of the TransCap Trust Fund 
every 2 years and authorizes the joint standing committee to report out legislation related 
to its review to the first regular session of the Legislature.