| Date Requested:January 21, 2010 Time Requested:01:03 PM |
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| FUND(S) 7152 | |||
|---|---|---|---|
Sources of Revenue | |||
| Special Fund | |||
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. |
| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2010 Increase/Decrease (use"-") |
2011 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 5,000 | 5,000 | 5,000 |
| Personal Services | 5,000 | 4,000 | 4,000 |
| Current Expenses | 0 | 1,000 | 1,000 |
| Repairs and Alterations | 0 | 0 | 0 |
| Assets | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| 2. Estimated Total Revenues | 0 | 0 | 0 |
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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. |