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125th MAINE LEGISLATURE |
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LD 1895 |
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LR 2786(01) |
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An Act To Protect
Consumers by Strengthening the Laws Governing Prepaid Home Heating Oil
Contracts
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Preliminary
Fiscal Impact Statement for Original Bill |
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Committee: Labor, Commerce, Research and
Economic Development |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$12,000 |
$0 |
$0 |
$0 |
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| Revenue |
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Other Special Revenue Funds |
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$15,000 |
$15,000 |
$15,000 |
$15,000 |
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| Fiscal Detail
and Notes |
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This bill
includes a one-time Other Special Revenue Funds allocation of $12,000 in
fiscal year 2011-12 to the Administrative Services Division within the
Department of Professional and Financial Regulation for the cost associated
with updating its licensing system to accommodate the registration of fuel
dealers who offer prepaid contracts to Maine residents. |
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It is estimated
that approximately 150 fuel dealers will register and pay the required $100
application fee, generating $15,000 per year in dedicated revenue to the
Department of Professional and Financial Regulation. |
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