KY HB635 | 2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor
Text: Latest bill text (Engrossed) [PDF]

Summary

Amend KRS 6.350 to require an actuary performing an actuarial analysis to clearly note and describe a new assumption or method and the basis for selecting the assumption or method, including any documentation, studies, written opinions, calculations, or citations in support; require the actuary certify that the information provided in the analysis is accurate; amend KRS 6.948 to require the commissioner of the Department of Insurance to include in a fiscal impact statement any documentation, studies, written opinions, calculations, and citations in support of his or her findings and conclusions and include in the statement an estimate of any potential future cost savings, including an explanation why the bill would or would not provide future cost savings; require the commissioner to certify that the information provided in the fiscal impact statement is accurate; amend KRS 6.949 to require the commissioner of the Department of Corrections to include in a corrections impact statement any documentation, studies, written opinions, calculations, and citations in support of the department's findings and conclusions, an estimate of any potential future cost savings, if not already included in a statement, and certification by the commissioner that the information provided in the statement is accurate.

Tracking Information

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Title

AN ACT relating to fiscal impact statements.

Sponsors


Roll Calls

2024-03-28 - Senate - Senate: Third Reading RSN# 3176 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-07 - House - House: Third Reading RCS# 231 (Y: 95 N: 0 NV: 0 Abs: 3) [PASS]

History

DateChamberAction
2024-04-04Housesigned by Governor
2024-03-28Housedelivered to Governor
2024-03-28Houseenrolled, signed by President of the Senate
2024-03-28Houseenrolled, signed by Speaker of the House
2024-03-28Housereceived in House
2024-03-28Senate3rd reading, passed 38-0
2024-03-28Senateposted for passage in the Consent Orders of the Day for Thursday, March 28, 2024
2024-03-27Senatereported favorably, 2nd reading, to Rules as a consent bill
2024-03-26Senatereturned to State & Local Government (S)
2024-03-26Senate1st reading
2024-03-26Senatetaken from State & Local Government (S)
2024-03-11Senateto State & Local Government (S)
2024-03-08Senateto Committee on Committees (S)
2024-03-08Senatereceived in Senate
2024-03-07House3rd reading, passed 95-0
2024-03-06Houseposted for passage in the Regular Orders of the Day for Thursday, March 07, 2024
2024-03-06House2nd reading, to Rules
2024-03-05Housereported favorably, 1st reading, to Calendar
2024-02-23Houseto Appropriations & Revenue (H)
2024-02-21Houseto Committee on Committees (H)
2024-02-21Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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