128th MAINE LEGISLATURE
		LD 1520		LR 742(07)
	An Act To Create an Aquaculture License
	Fiscal Note for Bill as Engrossed with: C "A" (H-288) S "A" (S-324) to C "A" (H-288)
	Committee: Marine Resources
Fiscal Note
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$0	$0	$0	$0
Revenue
	General Fund		$0	$0	$0	$0
	Other Special Revenue Funds		$0	$0	$0	$0
Correctional and Judicial Impact Statements
	Establishes new civil violations. The collection of additional fines may also increase General Fund revenue by minor amounts.
Fiscal Detail and Notes
	This bill will create an aquaculture license to be issued by the Department of Marine Resources (DMR). Under current statute, the holder of an aquaculture lease must purchase a commercial shellfish license with a fee of $133, with $74.75 credited to the Shellfish Management Fund (SMF) and $58.25 credited to General Fund revenue. This bill creates an aquaculture license with the same fee of $133, with $74.75 credited to the previously established Aquaculture Management Fund (AMF) and $58.25 credited to General Fund revenue. DMR estimates that approximately 100 commercial shellfish license holders will purchase the new aquaculture license instead of a commercial shellfish license. There is no change in net General Fund revenue or net Other Special Revenue Funds revenue as the reduction from one license is offset by the increase from the other license. However, this change will reduce SMF revenue by $7,475 and increase AMF revenue by $7,475 annually beginning in fiscal year 2017-18.