| TO: | Honorable Steve Ogden, Chair, Senate Committee on Finance |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | SB733 by Williams (Relating to the certification of the amount of excess money in the compensation to victims of crime fund.), As Introduced |
The bill would eliminate the 120 percent multiplier for claims paid out of the Crime Victims Compensation (CVC) fund which, in effect, would make available CVC funds for other programs that deliver or provide victim-related services or assistance. The bill would take effect September 1, 2005.
It is estimated that elimination of the 120 multiplier would make available $28,358,249 to other victim-related services or assistance programs during the 2006-07 biennium. In future biennia, it is projected that the effect of eliminating the 120 percent multiplier would reduce the amount calculated for claims by $36,250,949 in 2008-09 and by $41,232,634 in 2010-11. Assuming sufficient balances and revenue are available to support appropriations out of the CVC fund, these amounts would be available for other CVC victim-related services or assistance during the respective biennia. No additional revenue would be generated by passage of this legislation.
| Source Agencies: | 302 Office of the Attorney General
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| LBB Staff: | JOB, SD, KJG, MS
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