|
State Impact:
If this bill passes it will impact premiums even though there is no mechanism to raise rates. Therefore, Risk Management will need an additional $1,200,000 in FY 2001
to cover the increased risk to the state and to local governments covered by Risk Management.
The expected premium increase for FY 2002 would be $1,150,000 - shown as General Fund because there would be no mechanism to change rates after the session. It is
possible that a supplmental rate change could be passed during the 2002 General Session, but the change would only redistribute funding, it would not change the impact.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
General Fund
|
$1,150,000
|
$452,800
|
$0
|
$0
|
|
Uniform School Fund
|
$0
|
$38,700
|
$0
|
$0
|
|
Transportation Fund
|
$0
|
$552,700
|
$0
|
$0
|
|
Federal Funds
|
$0
|
$49,700
|
$0
|
$0
|
|
Dedicated Credits Revenue
|
$0
|
$3,600
|
$0
|
$0
|
|
Restricted Funds
|
$0
|
$48,400
|
$0
|
$0
|
|
Other
|
$0
|
$4,100
|
$0
|
$0
|
| TOTAL |
$1,150,000
|
$1,150,000
|
$0
|
$0
|
Individual and Business Impact:
Individuals who have claims against the state for liability could see larger rewards as a result of this bill.
Office of the Legislative Fiscal Analyst
2/13/2001 12:28:05 PM
|
