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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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1/21/00 10:00:30 AM

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