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Download Zipped Introduced WP 6.1 SB0035.zip
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It is estimated that the impact of this legislation would be to raise Risk Management liability premiums by $1.9 million which would be paid by State institutions and agencies and local school districts insured by Risk Management. The impact to the State would be $600,000, with two-thirds coming from the General Fund. School districts that are covered by the Division of Risk Management will share an impact of approximately $1.3 million in new premium charges. The cost of additional staff of 2.5 FTE's in Risk Management to handle expected new claims will be borne by the increased premium revenues.
| FY 01 Approp. | FY 02 Approp. | FY 01 Revenue | FY 02 Revenue | |
| General Fund | $327,500 | $327,500 | $0 | $0 |
| Uniform School Fund | $8,100 | $8,100 | $0 | $0 |
| Transportation Fund | $200,000 | $200,000 | $0 | $0 |
| Federal Funds | $30,400 | $30,400 | $0 | $0 |
| Dedicated Credits Revenue | $2,100 | $2,100 | $0 | $0 |
| Restricted Funds | $15,100 | $15,100 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 |
| Other | $16,800 | $16,800 | $0 | $0 |
| TOTAL | $600,000 | 0 | $0 | $0 |
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