FISCAL NOTE
Date Requested: February 12, 2021
Time Requested: 02:14 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2608 |
Introduced |
HB2023 |
|
|---|
| CBD Subject: |
Courts |
|---|
|
FUND(S):
7152 OIC Operating Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2023, if enacted, would reduce the operating costs of the Offices of the Insurance Commissioner by an estimated $2,025,776 by Fiscal Year 2024 and annually thereafter.
House Bill 2023, if enacted, would create an Intermediate Court of Appeals. HB 2023 would transfer the duties of the Worker's Compensation Office of Judges to the Worker's Compensation Board of Review. House Bill 2023 would expand the Board of Review effective July 1, 2022 and would also terminate the Office of Judges on or before October 1, 2022.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
-2,025,776 |
| Personal Services |
0 |
0 |
-1,337,057 |
| Current Expenses |
0 |
0 |
-688,719 |
| 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):
FY2021 and FY2022 are projected at current level costs as the implementation date of HB2023 is July 1, 2022 (fiscal year 2023).
FY2023 includes 3 months of Office of Judge's expenditures $875,000 and the increased costs for the expanded Board of Review.
FY2024 estimates reflect the elimination of the Office of Judges (OOJ) and the expanded Board of Review (BOR) and are the estimated costs for fiscal year 2024 and annually thereafter.
Agency FY2022 FY2023 FY2024 and thereafter Savings
BOR $1,025,105.17 $2,499,329.00 $2,499,329.00
OO $3,500,000.00 $875,000.00 $-
Total $4,525,105.17 $3,374,329.00 $2,499,329.00 $2,025,776.17
Memorandum
If enacted, House Bill 2023 would, in part, expand the Worker's Compensation Board of Review beginning July 1, 2022 (fiscal year 2023) and terminate the Worker's Compensation Office of Judges on or before October 1, 2022 (fiscal year 2023). The fiscal note assumes five (5) Judges at the Board of Review level as indicated in HB2023. This fiscal note assumes 24 total full-time BOR positions.
The Office of the Insurance Commissioner (OIC) estimates that the fiscal impact of HB2023 would be a reduction in expenses of $2,025,776 in fiscal year 2024 and annually thereafter.
The agency has only estimated the fiscal impact on the OIC, and this fiscal note does not include any estimates for other agencies or governmental entities that may also be impacted by the implementation of HB2023.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.A.Kiss@wv.gov