121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1549
		An Act to Fund Municipal Collection of Household Hazardous Waste
		LR 2053(03)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Natural Resources
		Fiscal Note Required: Yes
		Minority Report
Fiscal Note
					Projections	Projections
			2003-04	2004-05	2005-06	2006-07
Appropriations/Allocations
	Other Special Revenue Funds		$485,298	$46,478	$46,478	$46,478
Revenue
	Other Special Revenue Funds		$485,298	$46,478	$46,478	$46,478
Fiscal Detail and Notes
	This legislation requires the Finance Authority of Maine to transfer $438,820 from the Waste Reduction and Recycling Loan Fund to the Maine Solid Waste Management Fund administered by the State Planning Office and the Department of Environmental Protection by June 30, 2004.  The Governor's proposed Part II budget for fiscal years 2003-04 and 2004-05 includes the transfer of $438,820 to the unappropriated surplus of the General Fund by June 30, 2004.  If the Part II budget is enacted as proposed, these funds would not be available for transfer as required by this legislation. This legislation also requires the Finance Authority of Maine to transfer principal and interest repayments received in the Loan Fund to the Maine Solid Waste Management Fund within 60 days of receipt.  The Finance Authority of Maine estimates the average annual principal and interest repayments to be approximately $46,478 per year with the last payment date of the current loans outstanding being November 2017.
	This additional revenue is intended to provide state cost share support for the operational costs incurred by municipalities in the management of household hazardous waste.  Revenue derived from the proposed fees may be allocated to the State Planning Office (90%), the Department of Environmental Protection (5%) and the Department of Agriculture, Food and Rural Resources (5%) to carry out the purposes of this bill.  The additional costs associated with administering this proposed state cost share program to municipalities can be absorbed by the State Planning Office utilizing existing budgeted resources.