Kentucky 2023 2023 Regular Session

Kentucky House Bill HB442 Introduced / Fiscal Note

                    Page 1 of 1  	LRC 2023-BR1336-HB442GA 
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT 
LEGISLATIVE RESEARCH COMMISSION 
2023 REGULAR SESSION 
MEASURE 
 
2023 BR NUMBER 1336    HOUSE BILL NUMBER 442GA 
 
TITLE AN ACT relating to authorizing the payment of certain claims against the state which have been 
duly audited and approved according to law and have not been paid because of the lapsing or 
insufficiency of former appropriations against which the claims were chargeable or the lack of an 
appropriate procurement document in place, making an appropriation therefor, and declaring an 
emergency. 
 
SPONSOR Representative Jason Petrie 
 
FISCAL SUMMARY 
 
STATE FISCAL IMPACT:    YES   NO  UNCERTAIN 
 
OTHER FISCAL STATEMENT (S) THAT MAY APPLY:  ACTUARIAL ANALYSIS  
 LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE  
 
APPROPRIATION UNIT(S) IMPACTED: Appropriations Not Otherwise Classified 
 
FUND(S) IMPACTED:  GENERAL ROAD  FEDERAL  RESTRICTED        
 
FISCAL ESTIMATES 2022-2023 2023-2024 ANNUAL IMPACT AT 
FULL IMPLEMENTATION 
REVENUES    
EXPENDITURES General Fund: $591,216.58 
Road Fund: $135,749.10 
Federal Funds: $1,159,877.05 
  
NET EFFECT ($1,886,842.73)  
            (   ) indicates a decrease/negative 
 
PURPOSE OF MEASURE: The measure authorizes payment of prior year claims against the 
state, which have been audited and approved by the Finance and Administration Cabinet. 
 
FISCAL EXPLANATION : Section 1 of the measure appropriates $513,325.02 from the 
General Fund, $135,749.10 from the Road Fund, and $1,159,877.05 from Federal Funds for a 
total of $1,808,951.17 for payments of claims against the state.  
 
Section 2 appropriates $77,891.56 from the General Fund for payment of State Treasury checks 
that were not presented for payment within a period of five years from the date of issuance as 
required by KRS 41.370 and 413.120.  
 
The total fiscal impact for both sections of the measure between all fund sources is 
$1,886,842.73.  
 
DATA SOURCE(S): LRC Staff 
PREPARER: Joey Holt NOTE NUMBER: 97 REVIEW: JAB DATE:  3/10/2023