| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 985 | |||||||
| An Act To Improve the State's Returnable Bottle Law and Adjust Handling Fees | |||||||
| LR 1324(02) | |||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||
| Committee: Business, Research and Economic Development | |||||||
| Fiscal Note Required: Yes | |||||||
| Majority Report | |||||||
| Fiscal Note | |||||||
| Projections | Projections | ||||||
| 2003-04 | 2004-05 | 2005-06 | 2006-07 | ||||
| Net Cost (Savings) | |||||||
| General Fund | ($1,262,018) | ($1,683,819) | ($1,681,172) | ($1,678,419) | |||
| Appropriations/Allocations | |||||||
| General Fund | $50,482 | $66,181 | $68,828 | $71,581 | |||
| Revenue | |||||||
| General Fund | $1,312,500 | $1,750,000 | $1,750,000 | $1,750,000 | |||
| Fiscal Detail and Notes | |||||||
| As amended, 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. It also includes General Fund appropriations for the Department of Agriculture, Food and Rural Resources to reflect changes in the Returnable Bottle Law ; the amounts are $50,482 and $66,181 in fiscal years 2003-04 and 2004-05, respectively. Adjusting reimbursement fees for returnable containers may have the effect of increasing 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. | |||||||