121st Maine Legislature
Office of Fiscal and Program Review
LD 276
An Act to Allow the Sale of Lobster and Crab Fishing Licenses     
LR 0730(02)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Marine Resources
Fiscal Note Required: Yes
Minority Report
 
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Revenue
Other Special Revenue Funds $0 $1,181,250 $1,181,250 $1,181,250
Fiscal Detail and Notes
Beginning in fiscal year 2004-05, allowing the sale of commercial lobster and crab fishing licenses will yield an estimated $1,125,000 in additional annual Other Special Revenue Funds revenue for the Lobster Fund within the Department of Marine Resources.  It is also estimated that the sale of these licenses will also generate additional annual surcharge revenues of $56,250 for the Lobster Promotion Council beginning in fiscal year 2004-05.