123rd MAINE LEGISLATURE
		LD 1947		LR 3369(01)
	An Act To Clarify the Waste Motor Oil Disposal Site Remediation Program
	Fiscal Note for Original Bill
	Sponsor: Rep. Koffman of Bar Harbor
	Committee: Natural Resources
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
	Providing clarification as to the application of the premium on oil changes may result in additional dedicated revenue to the Waste Motor Oil Fund within the Finance Authority of Maine's Waste Motor Oil Disposable Site Remediation Program.  The amount can not be determined at this time.
	The Governor's Proposed Supplemental Budget for fiscal year 2007-08 and fiscal year 2008-09 includes Other Special Revenue Funds allocations of $2,193,750 in fiscal year 2007-08 and $2,925,000 in fiscal year 2008-09 to the Waste Motor Oil Disposal Site Remediation Program within the Finance Authority of Maine to recognize revenues anticipated to be collected from the premium on motor vehicle oil changes.  According to the State's accounting system, approximately $227,535 has been collected to-date.
	The additional costs to Maine Revenue Services can be absorbed utilizing existing budgeted resources.