Fiscal Note
HB0294 - Health System Reform Amendments
State Impact:
Enactment of this bill will generate $25,000 in General Fund revenue in FY 2011 and have a net zero General Fund impact beginning in FY 2012. It will require a General Fund appropriation of $125,000 in FY 2011 and $150,000 beginning in FY 2012 for staff support at the Department of Insurance. It will generate $150,000 in revenue to the General Fund beginning in FY 2011. It will also require a one-time $150,000 appropriation from restricted funds to the Department of Insurance for software development. Actuarial costs of $150,000 per year will be offset by fees established in the bill.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| General Fund | $0 | $150,000 | $150,000 | $0 | $150,000 | $150,000 |
| General Fund, One-Time | $0 | ($25,000) | $0 | $0 | $0 | $0 |
| Dedicated Credits | $0 | $150,000 | $150,000 | $0 | $150,000 | $150,000 |
| Restricted Funds | $0 | $150,000 | $0 | $0 | $0 | $0 |
| Total | $0 | $425,000 | $300,000 | $0 | $300,000 | $300,000 |
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 benefit from this change in statute.
| 2/8/2010, 8:18:18 AM, Lead Analyst: Schoenfeld, J.D./Attny: CJD | Office of the Legislative Fiscal Analyst |