PREPARED BY: Eric Kasik
LB 422 DATE PREPARED: February 25, 2025
PHONE: 4024710053
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 422 amends the Nebraska Uniform Real Property Transfer on Death Act. It clarifies the transferer’s insurance policy only cover’s
the property for 60 days after the death of the transferer. The ben eficiary needs to make arrangements for insurance coverage to
prevent a lapse in insurance following the 60-day period.
No fiscal impact.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 422 AM: AGENCY/POLT. SUB: Supreme Court
REVIEWED BY: Ryan Walton DATE: 2/25/2025 PHONE: (402) 471-4174
COMMENTS: The Supreme Court’s assessment of no fiscal impact from LB 422 appears reasonable.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 422 AM: AGENCY/POLT. SUB: Department of Labor
REVIEWED BY: Ryan Walton DATE: 2/25/2025 PHONE: (402) 471-4174
COMMENTS: The Department of Labor’s assessment of no fiscal impact from LB 422, appears reasonable.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 422 AM: AGENCY/POLT. SUB: Department of Insurance
REVIEWED BY: Ryan Walton DATE: 1/24/2025 PHONE: (402) 471-4174
COMMENTS: The Department of Insurance’s assessment of no fiscal impact from LB 422, appears reasonable.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 422 AM: AGENCY/POLT. SUB: Real Estate Commission
REVIEWED BY: Ryan Walton DATE: 1/21/2025 PHONE: (402) 471-4174
COMMENTS: The Real Estate Commission’s assessment of no fiscal impact from LB 422, appears reasonable.
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 422 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Department of Insurance
Prepared by:
(3) Jordan Blades Date Prepared:
(4)
1/22/24 Phone:
(5)
402-471-4638
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
The Department does not anticipate any fiscal impact at this time.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 422 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Real Estate Commission
Prepared by:
(3) Joseph D. Gehrki Date Prepared:
(4)
01/15/2025 Phone:
(5)
402-471-2004
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
0 0
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
No fiscal impact to agency
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 422 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Department of Labor
Prepared by:
(3) Rea Easton Date Prepared:
(4)
1/24/2025 Phone:
(5)
402-416-6809
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
There is no fiscal impact to the Nebraska Department of Labor for LB 422.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 422 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
05 Supreme Court
Prepared by:
(3) Eric Asboe Date Prepared:
(4)
2/22/2025 Phone:
(5)
402-326-9215
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
No fiscal impact.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDIT URE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....