121st Maine Legislature
Office of Fiscal and Program Review
LD 985
An Act To Improve the State's Returnable Bottle Law and Adjust Handling Fees     
LR 1324(02)
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Business, Research and Economic Development
Fiscal Note Required: Yes
Majority Report
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund ($1,262,018) ($1,683,819) ($1,681,172) ($1,678,419)
Appropriations/Allocations
General Fund $50,482 $66,181 $68,828 $71,581
Revenue
General Fund $1,312,500 $1,750,000 $1,750,000 $1,750,000
Fiscal Detail and Notes
As amended, this bill requires that unclaimed deposits paid on returnable containers be deposited into the General Fund; the estimated amounts are $1,312,500 in fiscal year 2003-04 and $1,750,000 for each fiscal year thereafter.  It also includes General Fund appropriations for the Department of Agriculture, Food and Rural Resources to reflect changes in the Returnable Bottle Law ; the amounts are $50,482 and $66,181 in fiscal years 2003-04 and 2004-05, respectively.  Adjusting reimbursement fees for returnable containers may have the effect of increasing Other Special Revenue Funds revenue; the amounts will depend on the number of commingling agreements that are entered into and can not be determined at this time.