Fiscal Note
HB0153S02 - Recycling of Electronic Items
State Impact:
Provisions of this bill require manufacturers and consumer electronic device recyclers to register with the Solid and Hazardous Waste Division of the Department of Environmental Quality. It is estimated that 80 manufacturers and recyclers would register at $3,000 each the first year for total revenue of $240,000 in FY 2011. Revenues for subsequent years are dependent on renewal fees but can't be more than $100,000. The estimated cost to implement and administer provisions of this bill is $223,000 in FY 2011 and $100,000 in FY 2012. These costs will be appropriated from the newly created General Fund Restricted - Consumer Electronic Recycling Program Restricted Account.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| Restricted Funds | $0 | $223,000 | $100,000 | $0 | $240,000 | $100,000 |
| Total | $0 | $223,000 | $100,000 | $0 | $240,000 | $100,000 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Individuals and businesses are likely to experience increased costs to off set the expense of recycling of electronic devices.
| 3/8/2010, 11:17:22 AM, Lead Analyst: Bleazard, M./Attny: CRP | Office of the Legislative Fiscal Analyst |