Petroleum Inspection Fee Revenue Obligations Program
Report 07-15 | November 2007
SUMMARY
The program issues bonds and other debt to fund claims under the Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. We provide an unqualified opinion on the financial statement for FY 2006-07 and FY 2005-06. As of June 30, 2007, $272.6 million in revenue obligations remained outstanding, to be repaid from a $0.02 per gallon fee charged for petroleum products sold in Wisconsin.