Fiscal Note
HB0132 - Waste Tire Recycling Amendments
State Impact:
Enactment of this bill will not require additional appropriations for operation of the Waste Tire Program. Provisions of the bill direct that the interest earned on the Waste Tire Recycling Fund be deposited into that fund rather than into the General Fund. The estimated earnings for FY 2009 are $5,000 and for FY 2010 are $9,500.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($4,500) | ($9,500) |
| Trust Funds | $0 | $0 | $0 | $0 | $4,500 | $9,500 |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Provisions of the bill will reduce the amount paid to waste tire recyclers by $25 per ton. However, income paid out to the recyclers is estimated to increase by $21,200 from FY 08 to FY 09. This increase will be realized because of increased tonnage that offsets the reduction in per ton reimbursements. No income is realized at this time by landfills and none is estimated with the decreased fees set by the bill for landfills.
| 1/23/2008, 3:17:13 PM, Lead Analyst: Bleazard, M. | Office of the Legislative Fiscal Analyst |