122nd MAINE LEGISLATURE
LD 1586 LR 2277(03)
An Act To Encourage the Use of Solar Energy
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Utilities and Energy
Fiscal Note Required: Yes
Minority Report
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $708,412 $694,735 $733,436 $780,123
Appropriations/Allocations
General Fund $30,000 $0 $0 $0
Other Special Revenue Funds $500,000 $500,000 $500,000 $500,000
Revenue
General Fund ($678,412) ($694,735) ($733,436) ($780,123)
Other Special Revenue Funds $490,412 $489,535 $487,196 $484,635
Fiscal Detail and Notes
The income tax credit and sales tax reimbursement contained in this bill are expected to reduce General Fund revenue by $178,412 in fiscal year 2005-06 and $194,735 in fiscal year 2006-07.  Other Special Revenue for Municipal Revenue Sharing will be reduced by small amounts.  This bill also includes a General Fund appropriation of $30,000 for Maine Revenue Services for the related computer programming costs. 
This bill authorizes annual transfers in the amount of $500,000 from the General Fund to support the Solar Rebate Program Fund and provides Other Special Revenue allocations to accept the amounts transferred.
The additional costs associated with administering solar energy programs can be absorbed by the Public Utilities Commission uitilizing existing budgeted resources.