LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 3, 2023 TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB290 by Oliverson (Relating to multiple employer welfare arrangements.), As Introduced No significant fiscal implication to the State is anticipated. Based on the analysis of the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Additionally, due to the self-leveling mechanism of the General Revenue-dedicated Texas Department of Insurance Operating Fund Account No. 036 (Fund 36), any additional revenue resulting from the implementation of the bill would accumulate in the account's fund balance. The Department of Insurance would then adjust the assessment of the maintenance tax; therefore, no net increase in revenue to the Fund 36 operating account would occur. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 454 Department of Insurance LBB Staff: b > td > JMc, AAL, GDZ, LBl
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 3, 2023
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB290 by Oliverson (Relating to multiple employer welfare arrangements.), As Introduced
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB290 by Oliverson (Relating to multiple employer welfare arrangements.), As Introduced
Honorable Tom Oliverson, Chair, House Committee on Insurance
Honorable Tom Oliverson, Chair, House Committee on Insurance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB290 by Oliverson (Relating to multiple employer welfare arrangements.), As Introduced
HB290 by Oliverson (Relating to multiple employer welfare arrangements.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Additionally, due to the self-leveling mechanism of the General Revenue-dedicated Texas Department of Insurance Operating Fund Account No. 036 (Fund 36), any additional revenue resulting from the implementation of the bill would accumulate in the account's fund balance. The Department of Insurance would then adjust the assessment of the maintenance tax; therefore, no net increase in revenue to the Fund 36 operating account would occur.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 454 Department of Insurance
454 Department of Insurance
LBB Staff: b > td > JMc, AAL, GDZ, LBl
JMc, AAL, GDZ, LBl