LD 1553 LR 2581(03)
An Act To Improve the Workers' Compensation System
Fiscal Note for Bill as Engrossed with:
C "A" (S-399)
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note
Undetermined future biennium cost increase - All Funds
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Other Special Revenue Funds $0 $0 $1,800,000 $1,800,000
Other Special Revenue Funds $0 $0 $1,800,000 $1,800,000
Correctional and Judicial Impact Statements
Eliminates Class D crimes.
A reduction in fines will decrease General Fund revenue by minor amounts.
Fiscal Detail and Notes
Increasing the cap on the dollar amount that may be assessed by the Workers' Compensation Board on insurance companies and self-insured employers from $11.2 million to $13.0 million beginning in fiscal year 2017-18 may increase the cost to all state government agencies for the workers' compensation portion of personal services expense. The fiscal impact on the State's self-insured program can not be determined at this time and will depend on the actual amount assessed.
Additional costs to the Workers' Compensation Board to conduct the required study and submit the required report can be absorbed within existing budgeted resources.