|Date Requested:January 21, 2010
Time Requested:01:03 PM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
| HB 4155 proposes the Offices of the Insurance Commissioner (OIC) to establish the criteria and rules for a Volunteer Firefighters Length of Service Awards Program. The cost to implement the program by the OIC is estimated at $5,000 and $5,000 annually for future program administration.
The proposal redirects the estimated $2,500,000 in annual revenues from the Teachers Retirement System Reserve Fund to the Fire Protection Fund in order to provide funding for the Volunteer Firefighters Length of Service Awards Program.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||5,000||5,000||5,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
It is estimated that $5,000 of current personnel resources will be incurred for criteria and rule development of the program.
Once rules are developed and criteria established it is projected an annual cost of $4,000 of personnel resources to administer the program and $1,000 in current expense cost for forms creation and general expenditures.
The structure of the criteria and rules likely will materially impact the actual costs of administering the program.