This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0732 - Corp. Officers of Small Bus. Excluded From WC Law
L.R. NO.  2901-01
BILL NO.  SB 732
SUBJECT:  Workers' Compensation, Labor
TYPE:     Original
DATE:     January 24, 1996



                              FISCAL SUMMARY


                    ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

None


Total Estimated
Net Effect on All
State Funds                        $0              $0             $0


                   ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

None


Total Estimated
Net Effect on All
Federal Funds                      $0              $0             $0


                    ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

Local Government                   $0              $0             $0



                              FISCAL ANALYSIS

ASSUMPTION

Officials from the Department of Insurance (INS) stated that passage of this
legislation will have no fiscal impact on their department.  However, the
passage of more than one similar proposal could require the INS to request
increased appropriations to cover cumulative administrative cost.

Officials from the Department of Labor-Division of Workers Compensation
stated that passage of this legislation will have no fiscal impact on their
department.


FISCAL IMPACT - State Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                          $0          $0          $0

FISCAL IMPACT - Local Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                          $0          $0          $0


DESCRIPTION

This proposal excludes corporate officers of small business concerns, as
defined in Federal law, from the provisions of the State Workers'
Compensation Law.  This act is identical to HB  1625 (1994).

This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.

SOURCES OF INFORMATION

Department of Insurance
Department of Labor