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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 658 |
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An Act
to Improve the Operation of the Workers' Compensation Board |
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LR 1484(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Smith of Van Buren |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Undetermined
current biennium cost increase - Other Special Revenue Funds |
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Fiscal Detail
and Notes |
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This
bill would authorize the Workers' Compensation Board to expend up to 10% of
the Workers' Compensation Board Administrative Fund without legislative
approval and allocation. The average
year-end cash balance in the Workers' Compensation Board Administrative Fund
for the five year period of FY1998 through FY2002 was $6,662,969. The cash balance in the Fund as of
February 25, 2003 is $3,204,491. |
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