Fiscal Note
HB0263 - Insurance Fraud Related Assessments
State Impact:
Enactment of this bill will require an additional appropriation of $253,900 in FY 2010 and $207,000 in FY 2011 from Dedicated Credits. The bill will increase Dedicated Credits revenue by $291,900 per year.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| Dedicated Credits | $0 | $253,900 | $207,000 | $0 | $291,900 | $291,900 |
| Total | $0 | $253,900 | $207,000 | $0 | $291,900 | $291,900 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Insurance companies will pay higher assessments. This emphasis on fraud may lower insurance costs to businesses and individuals.
| 2/2/2009, 10:48:27 AM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |