SB17-175

SB17-175 - Transfers Between State Self-insurance Funds

Passed/Signed into Law
Concerning the transfer of money between state self-insurance funds at the request of the executive director of the department of personnel.

Joint Budget Committee. If there is an insufficient cash balance in the risk management fund, the self-insured property fund, or the state employee workers' compensation account in the risk management fund (state self-insurance funds) to pay continuously appropriated premiums and claims-related expenses, the bill authorizes the executive director of the department of personnel to request the state treasurer to transfer money from another state self-insurance fund's reserve balance to the fund with the deficiency. The state treasurer is required to make the requested transfer and then, in the next annual general appropriations act, the general assembly is required to appropriate an identical amount to the fund from which the transfer was made. The department is prohibited from using the transferred amounts for the cost of operating the risk management system.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

House Committees

Senate Committees

Latest update: March 1, 2017
03/01/2017 - Governor Signed
02/24/2017 - Sent to the Governor
02/23/2017 - Signed by the Speaker of the House
02/23/2017 - Signed by the President of the Senate
02/16/2017 - House Third Reading Passed - No Amendments
02/15/2017 - House Second Reading Special Order - Passed - No Amendments
02/14/2017 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
02/10/2017 - Introduced In House - Assigned to Appropriations
02/10/2017 - Senate Third Reading Passed - No Amendments
02/09/2017 - Senate Second Reading Special Order - Passed - No Amendments
02/08/2017 - Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
02/03/2017 - Introduced In Senate - Assigned to Appropriations