121st Maine Legislature
Office of Fiscal and Program Review
LD 658
An Act to Improve the Operation of the Workers' Compensation Board
LR 1484(01)
Fiscal Note for Original Bill
Sponsor: Rep. Smith of Van Buren
Committee: Labor
Fiscal Note Required: Yes
   
             
Fiscal Note
Undetermined current biennium cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
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.