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Weber urges reporting and oversight of state insurance fund; amendment options include $120 million transfer
Summary
Senate Bill 463 would require DAS to report on the financial condition of the state's insurance fund on a regular schedule and proposals debated include a dash 2 amendment that would appropriate $120,000,000 from the general fund into the insurance fund for the 2025 biennium; sponsor supported a dash 3 alternative that omits the appropriation.
Senator Suzanne Weber presented Senate Bill 463 to the committee during a March 25 public hearing, asking the Legislature to require the Department of Administrative Services to report regularly on the financial condition and stability of the state's insurance fund.
Committee staff explained the underlying bill requires DAS to submit a report by Aug. 30 of each even‑numbered year; the dash 2…
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