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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 985 |
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An
Act To Improve the State's Returnable Bottle Law and Adjust Handling
Fees |
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LR 1324(02) |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: Business, Research and Economic
Development |
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Fiscal Note Required: Yes |
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Majority Report |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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($1,262,018) |
($1,683,819) |
($1,681,172) |
($1,678,419) |
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Appropriations/Allocations |
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General Fund |
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$50,482 |
$66,181 |
$68,828 |
$71,581
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Revenue |
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General
Fund |
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$1,312,500
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$1,750,000 |
$1,750,000 |
$1,750,000 |
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Fiscal Detail
and Notes |
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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. |
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