SB 0731 - Fiscal Note

Fiscal Note - SB 0731 - Defines a Timely Benefit Payment for Workers Comp.

L.R. NO.  2902-01
BILL NO.  Perfected SB 731
SUBJECT:  Workers' Compensation, Labor
TYPE:     Original
DATE:     February 21, 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 Highway and Transportation (DHT), Department
of Conservation (MDC),  Department of Labor and Industrial Relations (DOL),
and the Office of Administration (OA) stated that passage of this legislation
would have no fiscal impact on their agencies.

Officials from the and the Department of Corrections (DOC) did not respond to
our fiscal impact request.

Oversight assumes that this proposal would have no fiscal impact on the DOC.

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

For the purpose of the submission of a Timeliness of Payment Report required
to be submitted by workers'  compensation insurers and self-insurers, a
payment will be deemed timely if the payment is made on or before the 14th
day after the insurer or self-insurer receives notice of the injury.

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 and Industrial Relations
Department of Conservation
Department of Highway and Transportation
Office of Administration

Not Responding:   Department of Corrections