The green adhesive paper is suppose to reduce laser light scatter. But in theory, the color black may be more effective.
The ps would run between $30-50, dependant on parts choice. For example, you could lower the cost by substituting the lt1085 with a lm317, use a surplus dc wallwart, etc. Albeit at slightly lower performance, but IMO, it would still be better than most of the shelf wallwart ps.