SB 252 - HB 314 FISCAL NOTE Fiscal Review Committee Tennessee General Assembly February 10, 2025 Fiscal Analyst: Elizabeth Bransford | Email: elizabeth.bransford@capitol.tn.gov | Phone: 615-741-2564 SB 252 - HB 314 SUMMARY OF BILL: Requires the State Treasurer (Treasurer) to compare the maximum award limit for the Criminal Injuries Compensation Program (Program) with the national average of the maximum award limit every three years beginning January 1, 2026, rather than by October 1 of each year. Requires the Treasurer to publish any adjustment to the maximum award on the Department of the Treasury’s (Treasury’s) website no later than March 1 of the comparison year. Specifies that the determination and publication of the adjusted maximum award is not an agency rule and is exempt from the Uniform Administrative Procedures Act. FISCAL IMPACT: NOT SIGNIFICANT Assumptions: • Pursuant to Tenn. Code Ann. § 29-13-106(h): o The maximum award amount of the Program shall equal no less than 105 percent of the national average award; o The Treasurer must annually compare the maximum award limit for the Program with the national average each year, and if the Treasurer determines the maximum award is less than 105 percent of the national average, the Treasurer shall adjust the maximum award accordingly; and o Any adjustment the Treasurer makes to the maximum award amount must be made by rule promulgation. • Requiring the Treasurer to evaluate the maximum award limit every three years and exempting adjustments to the award limit made by the Treasurer from rule promulgation will have no significant impact on the Treasury’s operations. • The proposed legislation is not expected to significantly impact the total amount of funds disbursed from the Criminal Injuries Compensation Fund. • Any fiscal impact is estimated to be not significant. SB 252 - HB 314 2 CERTIFICATION: The information contained herein is true and correct to the best of my knowledge. Bojan Savic, Executive Director