125th MAINE LEGISLATURE
LD 1895 LR 2786(01)
An Act To Protect Consumers by Strengthening the Laws Governing Prepaid Home Heating Oil Contracts
Preliminary Fiscal Impact Statement for Original Bill
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Appropriations/Allocations
Other Special Revenue Funds $12,000 $0 $0 $0
Revenue
Other Special Revenue Funds $15,000 $15,000 $15,000 $15,000
Fiscal Detail and Notes
This bill includes a one-time Other Special Revenue Funds allocation of $12,000 in fiscal year 2011-12 to the Administrative Services Division within the Department of Professional and Financial Regulation for the cost associated with updating its licensing system to accommodate the registration of fuel dealers who offer prepaid contracts to Maine residents.
It is estimated that approximately 150 fuel dealers will register and pay the required $100 application fee, generating $15,000 per year in dedicated revenue to the Department of Professional and Financial Regulation.