BILL ANALYSIS |
C.S.H.B. 1990 |
By: Shine |
Business & Industry |
Committee Report (Substituted) |
BACKGROUND AND PURPOSE
Interested parties contend that the Texas certified self-insurer guaranty trust fund maintained by the Texas Certified Self-Insurer Guaranty Association under the Texas Workers' Compensation Act is not sensitive enough to the risks posed in providing emergency payment of the compensation liabilities of an impaired contributing employer. C.S.H.B. 1990 seeks to address this issue by making certain changes regarding the assessment of fees for the fund and changing the required minimum balance and maximum balance of the fund.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.H.B. 1990 amends the Labor
Code to change the purpose of the fee assessed on each member of the Texas
Certified Self-Insurer Guaranty Association from the creation, over a period
of 10 years beginning January 1, 1993, of a Texas certified self-insurer
guaranty trust fund for the emergency payment of the compensation liabilities
of an impaired employer to the maintenance of such a fund. The bill specifies
that the fee is an annual fee, increases the minimum balance of the fund from
$1 million to $2 million, and changes the fund's cap from $2 million to three percent
of the combined value of the security deposits of all certified
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EFFECTIVE DATE
September 1, 2017.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.H.B. 1990 may differ from the original in minor or nonsubstantive ways, the following comparison is organized and formatted in a manner that indicates the substantial differences between the introduced and committee substitute versions of the bill.
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