| 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. | |||||||