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SB17-175

Transfers Between State Self-insurance Funds

Concerning the transfer of money between state self-insurance funds at the request of the executive director of the department of personnel.
Session:
2017 Regular Session
Subject:
State Revenue & Budget

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.)

Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/01/2017 Signed Act PDF
    02/23/2017 Final Act PDF
    02/16/2017 Rerevised PDF
    02/15/2017 Revised PDF
    02/10/2017 Reengrossed PDF
    02/09/2017 Engrossed PDF
    02/03/2017 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. K. Lambert
Rep. M. Hamner

Sponsor

Sen. K. Lundberg, Sen. D. Moreno
Rep. B. Rankin, Rep. D. Young

Co-sponsor