124th MAINE LEGISLATURE
		LD 276		LR 525(02)
	An Act To Protect the Integrity of the State's Carbon Dioxide Budget Trading Program and Auction Process and To Provide Allocations to the Energy and Carbon Savings Trust Fund
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Utilities and Energy
	Fiscal Note Required: Yes
Fiscal Note
		2008-09	2009-10	2010-11	Projections 2011-12	Projections 2012-13
Appropriations/Allocations
	Other Special Revenue Funds	$30,000,000	$30,000,000	$30,000,000	$30,000,000	$30,000,000
Fiscal Detail and Notes
	This bill provides an annual allocation of $30,000,000 to the Energy and Carbon Savings Trust Fund beginning in fiscal year 2008-09. The State's carbon dioxide allowances will be auctioned through the Regional Greenhouse Gas Initiative to generate the revenue to fund the Energy and Carbon Savings Trust Fund. The bill also establishes a limit up to $800,000 annually for the administrative costs of the Energy and Carbon Savings Trust Fund to be paid from the allocation of $30,000,000.