Fiscal Note
HB0454 - Small Employer Group Reinsurance Pool
State Impact:
Enacting this bill will require an appropriation of $422,900 for four additional staff and purchase of computers and office equipment in FY 2010 and an ongoing appropriation of $382,700 in FY 2011 and beyond. The bill will generate dedicated credits revenues of $422,900 in FY 2010 and FY 2011. An additional $67,000 on-going appropriation would be required if the Department of Insurance were to appoint an executive secretary.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| Dedicated Credits | $0 | $422,900 | $382,700 | $0 | $422,900 | $422,900 |
| Total | $0 | $422,900 | $382,700 | $0 | $422,900 | $422,900 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Businesses and individuals may be impacted due to changes the proposed statute.
| 2/26/2009, 2:29:15 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |