121st Maine Legislature
Office of Fiscal and Program Review
LD 1257
An Act To Increase Returnable Beverage Container Redemption Rates     
LR 0172(01)
Fiscal Note for Original Bill
Sponsor: Rep. Dunlap of Old Town
Committee: Business, Research and Economic Development
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $50,625 $67,500 $67,500 $67,500
Revenue
General Fund ($50,625) ($67,500) ($67,500) ($67,500)
Other Special Revenue Funds $2,700,000 $3,600,000 $3,600,000 $3,600,000
Fiscal Detail and Notes
The increase in the returnable beverage container redemption rate will result in a loss of General Fund revenues collected by the Department of Administrative and Financial Services from the handling fees; the estimated amounts are $50,625 in fiscal year 2003-04 and $67,500 for each fiscal year thereafter.
The increase in the returnable beverage container redemption rate will also result in an increase of Other Special Revenue Funds revenues collected by the Department of Agriculture, Food and Rural Resources for the Beverage Container Enforcement Fund; the estimated amounts are $2,700,000 in fiscal year 2003-04 and $3,600,000 for each fiscal year thereafter.