House Bill No. [insert bill number] amends R.S. 42:802(D)(2) to shift the authority for reviewing and approving certain contract amendments from oversight committees to the Joint Legislative Committee on the Budget (JLCB). Specifically, any adjustments to contracts amounting to one million dollars or more will now require JLCB's review and approval before implementation. This change aims to streamline the oversight process for significant financial adjustments related to benefit programs managed by the Office of Group Benefits.

The bill also stipulates that these adjustments must clearly indicate their fiscal impact on the benefits plan and the rate structure for the following three years or the maximum contract period. This amendment enhances the JLCB's role in ensuring fiscal responsibility and transparency in the management of state benefit programs.

Statutes affected:
HB382 Original: 42:802(D)(2)