LD 872 LR 347(01)
An Act To Clarify the Natural Resources Protection Act
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Collins of York
Committee: Environment and Natural Resources
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - General Fund
Fiscal Detail and Notes
Permitting landowners to seek compensation from the state for the amount of any property value losses incurred as a result of more stringent setback regulations that apply to areas containing significant vernal pool habitat may result in General Fund costs that will, according to the Department of Environmental Protection (DEP), potentially eclipse $2 million in fiscal year 2011-12.  This cost would be exceeded if more than 200 landowners qualify for an average of $10,000 in compensation under the bill.  Reducing setback requirements for the regulation of areas containing significant vernal pool habitat may also result in a minor reduction to DEP permit fee revenues.