COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 1078-03

Bill No.: Perfected SCS for SB 241

Subject: Insurance - General; Insurance Department; Newspapers and Publications

Type: Original

Date: February 22, 2001




FISCAL SUMMARY



ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 2002 FY 2003 FY 2004
None
Total Estimated

Net Effect on All

State Funds

$0 $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2002 FY 2003 FY 2004
None
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 2002 FY 2003 FY 2004
Local Government $0 $0 $0

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 2 pages.





FISCAL ANALYSIS



ASSUMPTION



Officials from the Department of Insurance assume this proposal would not fiscally impact their agency.





FISCAL IMPACT - State Government FY 2002

(10 Mo.)

FY 2003 FY 2004
$0 $0 $0





FISCAL IMPACT - Local Government FY 2002

(10 Mo.)

FY 2003 FY 2004
$0 $0 $0

FISCAL IMPACT - Small Business



This proposal would not be expected to result in a significant fiscal impact to small businesses.



DESCRIPTION



This proposal would allow the Director of the Department of Insurance to approve a merger between mutual insurance companies if the Director is satisfied that the proposed merger was properly approved pursuant to the articles and bylaws of the companies.



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







Jeanne Jarrett, CPA

Director



February 22, 2001