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Download Zipped Introduced WP 6.1 SB0035S1.zip
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It is estimated that the impact of this legislation would be to raise Risk Management liability premiums by $450,000 which would be paid by State institutions and agencies and local school districts insured by Risk Management. The impact to the State would be $350,000. School districts that are covered by the Division of Risk Management will share an impact of approximately $100,000 in new premium charges. Local governments expect their rates will rise by $500,000. As the bill does not take effect until July 1, 2001, the impacts would not occur until FY 2002.
| FY 01 Approp. | FY 02 Approp. | FY 01 Revenue | FY 02 Revenue | |
| General Fund | $0 | $81,900 | $0 | $0 |
| Uniform School Fund | $0 | $2,000 | $0 | $0 |
| Transportation Fund | $0 | $250,000 | $0 | $0 |
| Federal Funds | $0 | $7,600 | $0 | $0 |
| Dedicated Credits Revenue | $0 | $500 | $0 | $0 |
| Restricted Funds | $0 | $8,000 | $0 | $0 |
| TOTAL | $0 | $350,000 | $0 | $0 |
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2/3/00 11:18:21 AM
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