123rd MAINE LEGISLATURE
		LD 1947		LR 3369(02)
	An Act To Clarify the Waste Motor Oil Disposal Site Remediation Program
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Natural Resources
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
	Repealing the premium on oil changes and replacing it with a premium on the first sale or distribution of bulk motor vehicle oil effective August 1, 2008 may result in additional dedicated revenue to the Waste Motor Oil Fund within the Finance Authority of Maine's Waste Motor Oil Disposable Site Remediation Program.  The amount can not be determined at this time.  However, estimates provided by the Maine Auto Dealers Association project the annual revenue in fiscal year 2008-09 to be $2,957,596.
	The Governor's Proposed Supplemental Budget for fiscal year 2007-08 and fiscal year 2008-09 includes Other Special Revenue Funds allocations of $2,193,750 in fiscal year 2007-08 and $2,925,000 in fiscal year 2008-09 to the Waste Motor Oil Disposal Site Remediation Program within the Finance Authority of Maine to recognize revenues anticipated to be collected from the premium on motor vehicle oil changes.  According to the State's accounting system, approximately $355,422 has been collected to-date.