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Petroleum Inspection Fee Revenue Obligations Program

Report 12-16 | November 2012

SUMMARY

The program issued bonds and other debt to fund claims under the Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. We provide an unqualified opinion on its financial statement for FY 2011-12 and FY 2010-11. A $0.02 per gallon fee charged for petroleum products sold in Wisconsin will be used to repay the $188.7 million in revenue obligations outstanding as of June 30, 2012.