FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET                  S.B. 189 (S-1):  SUMMARY OF DIFFERENCES

 

 

 

 

 

 

 

                                                                                                                                                 House Bill is H.B. 4328

 

 

FY 2013-14 Senate-Passed Gross Appropriation.................................................................

$76,335,500

 

House Changes to Senate-Passed:

 

  1.  Autism Coverage Reimbursement Fund.  The Senate reduced new GF/GP appropriations to this fund from $15.0 million to $12.0 million.  The House did not include this reduction in its LARA budget.

3,000,000

  2.  Creation of DIFS.  The House did not separate DIFS from LARA.  All of the appropriations that the Governor and Senate included in their respective DIFS budgets were included by the House in its LARA budget.

(77,289,500)

  3.  Interdepartmental Grant for Debt Management Regulation.  The Governor and Senate included an interdepartmental grant from LARA to pay for services provided by DIFS for the regulation of entities engaged in the debt management business.  Since the House did not separate DIFS from LARA, this IDG was not included.

(707,600)

  4.  Economic Adjustments.  The House did not include any positive economics adjustments in the components of the LARA budget that the Governor and Senate transferred to DIFS. 

(1,338,400)

 

Total Changes.....................................................................................................................

($76,335,500)

FY 2013-14 House-Passed Gross Appropriation..................................................................

$0

FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET                                           BOILERPLATE HIGHLIGHTS

Changes from FY 2013-14 Senate-Passed:

The House did not separate DIFS appropriations into a different article of House Bill 4328.  The sections detailed below show relevant sections in the LARA article of House Bill 4328 that create items of difference with Senate Bill 189.

  1.  Proper Accounting.  The House included a new section requiring the Department to use proper accounting for spending and forbidding the Department from using FTEs as spending placeholders.  Also requires a report on the number of FTEs in pay status.  (Sec. 240 of House Bill)

  2.  OPEB Prefunding.  The House included a new section stating the intent of the Legislature that the Department continue prefunding other post-employment benefits.  (Sec. 250 of House Bill)

  3.  Rule Stringency.  The Governor and Senate removed and House retained a section prohibiting the promulgation of rules that are more stringent than applicable Federal standards.  (Sec. 341 of House Bill)

  4.  Identification of Retirement Costs.  The Senate included a new section stating the intent of the Legislature that the Department identify normal and legacy retirement costs for FY 2014-15.  (Sec. 1202 of Senate Bill)

 

Date Completed:  5-1-13                                                                                                       Fiscal Analyst:  Josh Sefton

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.