LD 1998 LR 3036(01)
An Act To Amend the Waste Motor Oil Disposal Site Remediation Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Carson of Cumberland
Committee: Environment and Natural Resources
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Other Special Revenue Funds ($4,925,000) ($5,000,000) ($5,000,000) ($5,000,000)
Other Special Revenue Funds ($4,925,000) ($5,000,000) ($5,000,000) ($5,000,000)
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
The Waste Motor Oil Disposal Site Remediation Program within the Finance Authority of Maine (FAME) will require Other Special Revenue Funds deallocations of $4,925,000 in fiscal year 2019-20 and $5,000,000 in fiscal year 2020-21 due to the repeal of the program and the premium on motor vehicle oil sold or distributed in the State. This bill requires FAME to transfer the balance remaining in the Waste Motor Oil Revenue Fund to the Uncontrolled Sites Fund within the Department of Environmental Protection (DEP) by June 30, 2020, except that FAME shall reserve $65,000 for payment due in 2020 under the motor vehicle oil premium reimbursement program and $10,000 for the cost of administering the fund in 2020. The amount available to transfer is estimated to be $3,466,094.