FUND(S):

7162, 7152

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    



Memorandum


    Unable to adequately price the proposal given the uncertainty of the definition and process for determining if an injury is “foreseeable”. Also, uncertain if the changes are intended to be retroactive. If retroactive, the changes could materially impact the state’s Old Fund liability claims, but to what degree is subject to the definition of a foreseeable injury. If assumed that the determination of a foreseeable injury is made at the Office of Judges, would anticipate additional transaction related costs.
    
    • Workers compensation benefits are tax exempt. The proposal may result in a claimants indemnity payment (wage replacement) exceeding the after tax compensation/indemnity received prior to the injury.
     Person submitting Fiscal Note: Michael D Riley
     Email Address: Michael.Riley@wvinsurance.gov