Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 http://budget.kansas.gov
Adam Proffitt, Director Laura Kelly, Governor
Division of the Budget
January 30, 2023
The Honorable Jeff Longbine, Chairperson
Senate Committee on Financial Institutions and Insurance
300 SW 10th Avenue, Room 546-S
Topeka, Kansas 66612
Dear Senator Longbine:
SUBJECT: Fiscal Note for SB 28 by Senate Committee on Financial Institutions and
Insurance
In accordance with KSA 75-3715a, the following fiscal note concerning SB 28 is
respectfully submitted to your committee.
The bill would establish the Group-Funded Pools Refund Fund, and the fund would be
used to refund entities that have paid into the Group-Funded Pools Fee Fund and the Group-Funded
Workers’ Compensation Fee Fund. Refunds would be distributed on a proportional basis, based
on premium taxes paid by each entity in the 2022 fiscal year. On July 1, 2023, the Group-Funded
Pools Fee Fund and the Group-Funded Workers’ Compensation Fee Fund would be abolished and
all monies and liabilities in those funds would be transferred to the Group-Funded Pools Refund
Fund. The bill would also abolish the Group-Funded Pools Refund Fund on July 1, 2024.
The Kansas Insurance Department states the two funds to be abolished currently have a
combined balance of $153,247 that would be deposited into the newly created Group-Funded
Pools Refund Fund and then the entire balance would be returned to the entities. Any fiscal effect
associated with SB 28 is not reflected in The FY 2024 Governor’s Budget Report.
Sincerely,
Adam Proffitt
Director of the Budget
cc: Bobbi Mariani, Insurance Department