HB 635 KY Became Law
AN ACT relating to fiscal impact statements.
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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.
Action history (21)
- Feb 21, 2024 introduced in House · lower
- Feb 21, 2024 to Committee on Committees (H) · lower
- Feb 23, 2024 to Appropriations & Revenue (H) · lower
- Mar 5, 2024 reported favorably, 1st reading, to Calendar · lower
- Mar 6, 2024 2nd reading, to Rules · lower
- Mar 6, 2024 posted for passage in the Regular Orders of the Day for Thursday, March 07, 2024 · lower
- Mar 7, 2024 3rd reading, passed 95-0 · lower
- Mar 8, 2024 received in Senate · upper
- Mar 8, 2024 to Committee on Committees (S) · upper
- Mar 11, 2024 to State & Local Government (S) · upper
- Mar 26, 2024 taken from State & Local Government (S) · upper
- Mar 26, 2024 1st reading · lower
- Mar 26, 2024 returned to State & Local Government (S) · upper
- Mar 27, 2024 reported favorably, 2nd reading, to Rules as a consent bill · lower
- Mar 28, 2024 posted for passage in the Consent Orders of the Day for Thursday, March 28, 2024 · lower
- Mar 28, 2024 3rd reading, passed 38-0 · lower
- Mar 28, 2024 received in House · lower
- Mar 28, 2024 enrolled, signed by Speaker of the House · lower
- Mar 28, 2024 enrolled, signed by President of the Senate · upper
- Mar 28, 2024 delivered to Governor · lower
- Apr 4, 2024 signed by Governor (Acts Ch. 58) · lower
Text versions (3)
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