| 123rd MAINE LEGISLATURE | ||||||
| LD 522 | LR 2014(01) | |||||
| An Act To Require the Posting of Proof of Workers' Compensation Insurance at Construction Sites | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Clark of Millinocket | ||||||
| Committee: Labor | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Potential current biennium revenue increase - Other Special Revenue Funds | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $68,735 | $89,234 | $90,887 | $94,129 | ||
| Revenue | ||||||
| Other Special Revenue Funds | $0 | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| The Administration - Workers' Compensation Board will require additional Other Special Revenue Funds allocations of $68,735 in fiscal year 2007-08 and $89,234 in fiscal year 2008-07 for one Workers' Compensation Specialist position and related all other to perform the required investigations effective October 1, 2007. | ||||||
| This legislation requires that dedicated revenues collected from employers who are assessed a penalty for failure to provide workers' compensation insurance coverage be redirected from the Employment Rehabilitation Fund to the Workers' Compensation Board Administrative Fund. The Workers' Compensation Board estimates that approximately $210,000 will be shifted from the Employment Rehabilitation Fund to the Workers' Compensation Board Administrative Fund per year. | ||||||
| The Workers' Compensation Board Administrative Fund may also receive additional dedicated revenue from fines assessed on employers that fail to post the required notice. The amount of additional revenue can not be determined at this time. | ||||||