FISCAL NOTE

The additional costs associated with extending the deadline for distributions from the Wells Waste Oil Clean-up Fund and clarifying eligibility for direct payments can be absorbed by the Finance Authority of Maine utilizing existing budgeted resources.

SUMMARY

This bill, which is reported by the Joint Standing Committee on Natural Resources pursuant to Public Law 1999, chapter 505, Part B, section 8, extends the date of final disbursement of funds from the Wells Waste Oil Clean-up Fund from April 1, 2000 to June 30, 2000 and clarifies that eligibility for loans or grants from the fund are limited to persons who are participants in a settlement agreement under which an entity has assumed liability for total response costs at the Wells waste oil disposal site.