House of Representatives

HB 2494

counties; benefits; meetings

Sponsors: Representative Flake

dp	Committee on Counties & Municipalities
dp	Caucus and COW
x	As Passed the House

HB 2494 increases the cap on public funds which can be spent for life insurance for county employees. HB 2494 also reduces the number of persons required to serve on a board of trustees to operate a pool of one or more public agencies that enter into a contract or agreement for the joint purchasing of insurance or to pool retention of their risks for property and liability losses.

History

Currently, county public funds can not be spent for life insurance coverage in excess of forty thousand dollars or the annual salary of the elected official or employee, whichever is less. Also, two or more public agencies may enter into contracts or agreements for joint purchasing of insurance or to pool retention of their risks for property and liability losses and to provide for the payment of such property loss or claim of liability.

Provisions

· Increases the amount of public funds which can be spent on life insurance for county elected officials or employees to fifty thousand dollars or the amount of the annual salary, whichever is more.

· States that two or more agencies that form a pool for joint purchasing of insurance or to pool retention of their risks must be operated by a board of trustees consisting of at least three persons, rather than five.

· Makes a technical and conforming change.

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· 44th Legislature Analyst Initials _______

· Second Regular Session March 1, 2000

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