An Act To Assist in the Cleanup of Waste Motor Oil Disposal Sites
Sec. 1. 10 MRSA §963-A, sub-§17-A is enacted to read:
Sec. 2. 10 MRSA §963-A, sub-§47-B is enacted to read:
Sec. 3. 10 MRSA §963-A, sub-§47-C is enacted to read:
Sec. 4. 10 MRSA §963-A, sub-§51-D is enacted to read:
Sec. 5. 10 MRSA §963-A, sub-§51-E is enacted to read:
Sec. 6. 10 MRSA c. 110, sub-c. 1-F is enacted to read:
SUBCHAPTER 1-F
WASTE MOTOR OIL DISPOSAL SITE REMEDIATION PROGRAM
§ 1020. Waste Motor Oil Revenue Fund
§ 1020-A. Waste motor oil disposal site remediation program
(1) The response costs paid or to be paid with respect to that waste motor oil disposal site;
(2) The eligible response costs with respect to that waste motor oil disposal site to be paid from the proceeds of revenue obligation securities; and
(3) The proceeds of the revenue obligation securities to be paid to or on behalf of the responsible parties.
(1) Performed repairs at repair facilities located in this State on motor vehicles that are owned by 3rd parties;
(2) Is identified by the potentially responsible party (PRP) group at the waste oil disposal site as qualified under this subsection; and
(3) Certifies to the authority under oath and subject to the provisions of Title 17-A, section 451 that it is qualified under this subsection;
Sec. 7. 10 MRSA §1023-L, sub-§3-A, as amended by PL 2003, c. 537, §27 and affected by §53, is further amended to read:
Sec. 8. 10 MRSA §1023-L, sub-§6, as amended by PL 1999, c. 713, §2, is further amended to read:
Sec. 9. 10 MRSA §1053, sub-§6, as amended by PL 2003, c. 506, §5, is further amended to read:
The amount of revenue obligation securities issued to refund securities previously issued may not be taken into account in determining the principal amount of securities outstanding, as long as proceeds of the refunding securities are applied as promptly as possible to the refunding of the previously issued securities. In computing the total amount of revenue obligation securities of the authority that may at any time be outstanding for any purpose, the amounts of the outstanding revenue obligation securities that have been issued as capital appreciation bonds or as similar instruments are valued as of any date of calculation at their then current accreted value rather than their face value.
Sec. 10. Status report. By January 15, 2008 and every 2 years thereafter, the Finance Authority of Maine and the Department of Environmental Protection shall report to the joint standing committee of the Legislature having jurisdiction over natural resources matters on the status of the waste motor oil disposal site remediation program under the Maine Revised Statutes, Title 10, chapter 110.
Sec. 11. Transfer of funds; Waste Motor Oil Revenue Fund. Notwithstanding any other provision of law, the State Controller shall transfer the first $11,000 received in the Waste Motor Oil Revenue Fund within the Finance Authority of Maine to the General Fund no later than June 30, 2008.
Sec. 12. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services - Bureau of 0002
Initiative: Provides funds for the one-time administrative costs associated with administering the premium on oil changes.
GENERAL FUND | 2007-08 | 2008-09 |
All Other
|
$11,000 | $0 |
GENERAL FUND TOTAL | $11,000 | $0 |