| 123rd MAINE LEGISLATURE | ||||||
| LD 1347 | LR 2450(01) | |||||
| An Act To Establish Alternative Fuel Incentive Grants To Stimulate the Production, Distribution and Use of Biofuels | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Pingree of North Haven | ||||||
| Committee: Utilities and Energy | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $2,250,000 | $3,000,000 | $3,000,000 | $3,000,000 | ||
| Revenue | ||||||
| Other Special Revenue Funds | $2,250,000 | $3,000,000 | $3,000,000 | $3,000,000 | ||
| Fiscal Detail and Notes | ||||||
| This legislation establishes an Alternatives Fuel Incentive Fund to be administered by the Department of Environmental Protection. The Fund will derive its dedicated revenue from an annual assessment on public utilities and competitive energy providers in an amount up to $3,000,000 annually. Proceeds from the Fund would pay for a grant program as well as a hybrid vehicle rebate program. The bill will require allocations of $2,250,000 in fiscal year 2007-08 and $3,000,000 annually thereafter to provide funds for one Environmental Specialist II position, a grants program and a hybrid vehicle rebate program. | ||||||