The 2003-05 budget bill provides $94 million of revenue bonding authority for the PECFA Program to meet projected claims over the biennium. Due to current funding shortfalls, PECFA reimbursement payments are currently being scheduled for six to seven months from the date the claim is received. With the additional funding from the revenue bonds, payments will be made in less than three months from the date they are received.
For more PECFA claims information, contact 608/261-7726 or http://www.commerce.state.wi.us/COM/Com-Petroleum.html.
--Dennis Legler
The newsletter is issued electronically every other month.
Please send comments or questions to Barbro McGinn, editor.
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