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128th MAINE LEGISLATURE |
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LD 1657 |
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LR 2736(01) |
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An Act To Update the
Allowance Budget for the Regional Greenhouse Gas Initiative |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Tucker of Brunswick |
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Committee: Environment and Natural Resources |
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Fiscal Note Required: Yes |
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| Preliminary Fiscal
Impact Statement |
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Potential future biennium revenue decrease - Other Special
Revenue Funds
Minor cost increase - Other Special Revenue Funds |
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| Fiscal Detail and
Notes |
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This bill
establishes the regional greenhouse gas allowances the State can auction each
year from 2021 to 2030. It also reduces certain "banked allowances"
available from 2021 to 2025. These changes could reduce the amount of Other
Special Revenue Funds revenue the Efficiency Maine Trust receives. As this
revenue is dependant on future auctions, no estimate of the potential revenue
loss is available at this time. |
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Any additional costs
to the Efficiency Maine Trust to administer these changes are anticipated to
be minor and can be absorbed within existing budgeted resources. |
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