123rd MAINE LEGISLATURE
		LD 1417		LR 1788(01)
	An Act To Assist in the Cleanup of Waste Motor Oil Disposal Sites
	Fiscal Note for Original Bill
	Sponsor: Sen. Martin of Aroostook
	Committee: Natural Resources
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$31,300	$7,000	$7,000	$7,000
Appropriations/Allocations
	General Fund		$31,300	$7,000	$7,000	$7,000
Fiscal Detail and Notes
	This bill establishes a Waste Motor Oil Site Remediation Program within which is created the Waste Motor Oil Fund and the Waste Motor Oil Revenue Board to be administered by the Finance Authority of Maine.  Increasing the Finance Authority of Maine's revenue obligation securities limit by $30,000,000 extends the moral obligation of the State.  The Finance Authority of Maine will require a one-time General Fund appropriation of $31,300 in fiscal year 2007-08 for the initial costs of administering the Waste Motor Oil Revenue Fund.  The Finance Authority of Maine will require General Fund appropriations of $7,000 per year beginning in fiscal year 2008-09 for the ongoing operating costs of administering the fund.  Although this legislation provides that monies in the Fund may be used to pay reasonable operating costs of the board including independent counsel, computer services, staff and clerical assistance, it is unclear whether ongoing administrative functions such as those related to the appeal process are included.
	Additional costs related to the proposed remediation program can be absorbed by the Departments of Environmental Protection, Transportation and Public Safety utilizing existing budgeted resources.