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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 985 |
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An
Act To Improve the State's Returnable Bottle Law and Adjust Handling
Fees |
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LR 1324(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Martin of Aroostook |
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Committee: Business, Research and Economic
Development |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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($1,221,649) |
($1,631,093) |
($1,626,337) |
($1,621,390) |
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Appropriations/Allocations |
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General Fund |
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$90,851 |
$118,907
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$123,663
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$128,610
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Revenues |
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General Fund |
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$1,312,500
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$1,750,000 |
$1,750,000 |
$1,750,000 |
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Fiscal Detail
and Notes |
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This
bill requires that unclaimed deposits paid on returnable containers be
deposited into the General Fund; the estimated amounts are $1,312,500 in
fiscal year 2003-04 and $1,750,000 for each fiscal year thereafter.Changes in
the Returnable Bottle Law will require additional General Fund appropriations
for the Department of Agriculture, Food and Rural Resources; the amounts will
be $90,851 and $118,907 in fiscal years 2003-04 and 2004-05,
respectively. Adjusting reimbursement
fees for returnable containers may have the effect of increasing General Fund
revenues and Other Special Revenue Funds revenue; the amounts will depend on
the number of commingling agreements that are entered into and can not be
determined at this time. |
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