2003 Session

Budget Bill - HB1400 (Introduced)

Department of Human Resource Management

Item 84

Item 84

First Year - FY2003Second Year - FY2004
Investment, Trust, and Insurance Services (72500)$905,862
Bond Issuance Advisory Services (72501)FY2003 $524,258FY2004 $524,258
Insurance Services (72502)FY2003 $381,604
FY2004 $391,998
Fund Sources:  
Trust and AgencyFY2003 $905,862
FY2004 $916,256

Authority: Discretionary Inclusion

A. The Department of Human Resource Management shall take into account the claims experience of each agency and institution when setting premiums for the workers’ compensation program.

B. The Department of Human Resource Management shall report to the Governor and Chairmen of the House Appropriations and Senate Finance Committees by September 1, 2003 its recommended workers’ compensation premiums for state agencies for the following biennium. This report shall also include the basis for the department’s recommendations, the number and amount of workers’ compensation settlements concluded in the previous fiscal year, and the impact of those settlements on the workers’ compensation program’s reserves.