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Petroleum Inspection Fee Revenue Obligations Program

Report 10-15 | November 2010

SUMMARY

The program issued bonds and other debt to fund claims under the Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. We provided an unqualified opinion on its financial statement for FYs 2009-10 and 2008-09. As of June 30, 2010, $188.7 million in revenue obligations remained outstanding, to be repaid from a $0.02 per gallon fee charged for petroleum products sold in Wisconsin.