0189: CONFERENCE REPORT (Date Completed: 5-23-13) - FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET

FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET S.B. 189 (CR-1): CONFERENCE REPORT

WHITE TEXT

FY 2012-13 Year-to-Date Gross Appropriation.....................................................................

Changes from FY 2012-13 Year-to-Date:
Conference Agreement on Items of Difference
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. The Conference included an additional $1.0 million reduction on top of the reduction included in the Senate bill.	(4,000,000)
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. The Conference included these programs in the DIFS 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. Conference included this item.	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. The Conference included these adjustments.	1,338,400
5. Line Item Rollups. The Governor provided one program line item in the DIFS budget. The Conference expanded this item into five line items and created three additional line items in the Administration unit of the budget. These line item changes resulted in no net funding change to the Department.	0

Total Changes.....................................................................................................................	$75,335,500
FY 2013-14 Conference Report Ongoing/One-Time Gross Appropriation............................	$75,335,500
Amount Over/(Under) GF/GP Target: $0

FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET BOILERPLATE HIGHLIGHTS

Changes from FY 2012-13 Year-to-Date:

Conference Agreement on Items of Difference

1. Contracts Language. The Conference included a new section requiring the Department to use a certain Request for Information process when entering into contracts above $5.0 million. (Sec. 238 of Conference Report)

2. Proper Accounting. The House and Conference 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 Conference Report)

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

4. Identification of Retirement Costs. The Senate and Conference 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 Conference Report)

5. Economic Development Expenditures. The Conference included a new section requiring a report on any expenditures for economic development made by the Department. (Sec. 310 of Conference Report)

Date Completed: 5-23-13 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.