FY 2013-14 INSURANCE & FINANCIAL SERVICES BUDGET S.B. 189 (S-1): SENATE APPROPRIATIONS REC.
Senate Bill 189 (S-1 as reported) Throughout this document Senate means Appropriations Committee
Committee: Appropriations
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FY 2012-13 Year-to-Date Gross Appropriation................................. |
$0 |
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1. Creation of Department of Insurance and Financial Services (DIFS). Earlier this year the Governor issued Executive Order 2013-1, which on March 18 2013 created the Department of Insurance and Financial Services. On April 8, the State Budget Office submitted Executive Budget Revision 2014-2, which provided the financial details associated with the creation of the new department. There are no new funds associated with DIFS; all appropriations (except for item 3 in this document) in this budget were previously recommended for appropriation by the Governor in the original Executive Recommendation for LARA. This item transfers all of the DIFS-related funding from LARA to DIFS. |
77,289,500 |
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2. Autism Coverage Reimbursement Program. The Senate included a $3.0 million GF/GP reduction to this program. $12.0 million was included by the Senate. |
(3,000,000) |
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3. Interdepartmental Grant for Debt Management Regulation. The Governor and Senate included an IDG from LARA to pay for services provided by DIFS for the regulation of entities engaged in the debt management business. The underlying funding for this appropriation appears in the LARA budget in the form of Securities Fees. |
707,600 |
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4. Economic Adjustments. Includes $209,700 Gross and $0 GF/GP for OPEB and $1,128,700 Gross and $0 GF/GP for other economic adjustments. |
1,338,400 |
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5. Comparison to Governor's Recommendation. The Senate is $3,000,000 Gross under and $3,000,000 GF/GP under the Governor. |
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$76,335,500 |
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FY 2013-14 Senate Appropriations Committee Gross Appropriation.......... |
$76,335,500 |
FY 2013-14 INSURANCE AND FINANCIAL SERVICES BOILERPLATE HIGHLIGHTS
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Changes from FY 2012-13 Year-to-Date: |
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1. Buy American. The Governor removed and Senate retained a section prohibiting the purchase of foreign goods. (Sec. 209) |
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2. IT Work Projects. The Governor and Senate removed a section establishing IT appropriations as work projects. (Sec. 211) |
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3. Report Retention. The Governor removed and Senate retained a section requiring the Department to abide by State and Federal guidelines for record retention. (Sec. 212) |
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4. Disciplinary Action. The Governor removed and Senate retained a section prohibiting disciplinary action from being taken against employees who communicate with the Legislature. (Sec. 215) |
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5. TV Productions. The Governor removed a prohibition on the production of TV shows. The Senate retained the section and expanded it to include radio. (Sec. 232) |
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6. Department Scorecard. The Governor included a new section requiring the Department to maintain a website containing a scorecard of agency metrics. The Senate included this section. (Sec. 229.) |
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7. Lump-Sum Payment Report. The Governor and Senate removed a section requiring a report on these payments. (Sec. 236) |
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8. Rule Stringency. The Governor removed and Senate retained a prohibition against rules more strict than Federal standards. (Sec. 341) |
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9. Retirement Costs. The Senate included a new section stating the intent of the Legislature that the department identify retirement costs for FY15 on a per-line-item basis. (Sec. 1202) |
Date Completed: 4-18-13 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.