Fiscal Note
SB0076 - Electronic Device Recycling
State Impact:
Provisions of this bill creates a restricted special revenue fund known as the Electrical Device Recycling Fund. Manufactures of electronic devices are required to register with the Solid and Hazardous Waste Division of the Department of Environmental Quality and pay a one time registration fee of at least $5,000 that would be deposited into the new EDRF account. It is estimated that 35 manufactures would register the first year for a total of $175,000. Revenues in subsequent years are dependent upon renewal fees. The amount cannot yet be determined but would be less than collections in FY 2008. To begin to implement provisions of this bill, it is estimated to cost the Division $43,300 in FY 2008 for staff and related costs. The FY 2009 expenses are estimated to be $86,600 to administer the program.
Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
Restricted Funds | $0 | $43,300 | $86,600 | $0 | $175,000 | $0 |
Total | $0 | $43,300 | $86,600 | $0 | $175,000 | $0 |
Individual, Business and/or Local Impact:
Manufactures of electronic devices are required to pay a one time registration fee of at least $5,000 and subsequent renewal fees, not yet determined. The program costs may eventually be passed on the consumers. Impact on local governmental entities will depend on how they may choose to participate in the process.
2/8/2007, 10:07:56 AM, Lead Analyst: Bleazard, M. | Office of the Legislative Fiscal Analyst |