| 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. | |||||||||