Sec. E-1. Calculation and transfer; savings in cost of workers' compensation insurance. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of savings in section 2 of this Part that applies against each Highway Fund account for all departments and agencies from savings in the cost of workers' compensation insurance and shall transfer the amounts by financial order upon the approval of the Governor. These transfers are considered adjustments to allocations in fiscal years 2003-04 and 2004-05. The State Budget Officer shall provide the joint standing committee of the Legislature having jurisdiction over transportation matters a report of the transferred amounts no later than January 15, 2005.
Sec. E-2. Allocations. The following funds are allocated from the Highway Fund.
ADMINISTRATIVE AND FINANCIAL SERVICES,
DEPARTMENT OF
Departments and Agencies - Statewide 0016
Initiative: Deallocates Personal Services savings in fiscal years 2003-04 and 2004-05 from the Workers' Compensation line category achieved through a reduction in claims from aggressive claims management.
Highway Fund 2003-04 2004-05
Personal Services ($75,121) ($187,100)
__________ __________
Highway Fund Total ($75,121) ($187,100)
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