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Friday, June 11, 2010

State Launches Turnpike Authority Probe

There are few ways better than turnpikes and delis to launder cash.

Just Google turnpike money laundering.

Oh well.......

Here's the story.......

state oversight office has launched an investigation into the performance of the Maine Turnpike Authority, after a preliminary review raised questions over the authority's revenues.

The Office of Program Evaluation and Governmental Accountability is looking deeper into MTA's operations after a two-month-long review that ended in April determined the authority had not provided any revenue to the state since the mid-1990s, according to Seacoast Online. MTA is required to transfer to the Maine Department of Transportation annually any operating surplus, according to the Sensible Transportation Act. MTA in the past has said that $40 million in bonds it issued to fund DOT bridge projects and payment on those bonds has replaced its annual payment.

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