Fiscal Note
HB0386S01 - Insurance Department Funding
State Impact:
The bill changes funding for the Insurance Department from General Fund to General Fund Restricted - Insurance Department Restricted Account. There is no net change in the total appropriation. The transfer of General Fund resources into the restricted account will reduce the spending cap by the amount of the transfer. Future spending from the restricted account will not be subject to the spending limit. Funds left in the restricted account at the end of the year are transferred to the General Fund.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | ($5,324,400) | ($5,324,400) | $0 | ($7,944,800) | ($8,177,600) |
| General Fund, One-Time | $0 | $0 | $0 | $0 | $2,620,400 | $2,853,200 |
| Restricted Funds | $0 | $0 | $0 | $0 | ($2,620,400) | ($2,853,200) |
| Restricted Funds | $0 | $5,324,400 | $5,324,400 | $0 | $7,944,800 | $8,177,600 |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/5/2007, 12:10:21 PM, Lead Analyst: Eckersley, S. | Office of the Legislative Fiscal Analyst |