State of Alaska
Fiscal Note
Bill Version: SB 61
2019 Legislative Session
Fiscal Note Number: 1
(S) Publish Date: 3/6/2019
Identifier: SB061-DOLWD-FF-03-01-19 Department: Department of Labor and Workforce Development
Title: COMM FISHERMEN'S FUND:VESSEL OWNER Appropriation: Workers' Compensation
CLAIMS Allocation: Fishermen's Fund
Sponsor: STEVENS OMB Component Number: 343
Requester: (S) Labor and Commerce
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2020 Governor's
Appropriation FY2020 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2020 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits 16.1 16.1 16.1 16.1 16.1 16.1
Miscellaneous
Total Operating 16.1 0.0 16.1 16.1 16.1 16.1 16.1
Fund Source (Operating Only)
1032 Fish Fund (DGF) 16.1 16.1 16.1 16.1 16.1 16.1
Total 16.1 0.0 16.1 16.1 16.1 16.1 16.1
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2019) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2020) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? No
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Not applicable, initial version based on the 2-13-19 Governor's FY2020 request.
Prepared By: Grey Mitchell, Director Phone: (907)465-6060
Division: Workers' Compensation Date: 03/01/2019
Approved By: Paloma Harbour, Administrative Services Director Date: 03/01/19
Agency: Office of Management and Budget
Printed 3/5/2019 Page 1 of 2 Control Code: Wgpwu
 SB 61 - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. SB 61
2019 LEGISLATIVE SESSION
Analysis
This legislation will change the amount a vessel owner may be reimbursed by the Fishermen's Fund. Currently vessel
owners may be reimbursed the lower of 50% of their protection and indemnity (P&I) insurance deductible or $5,000 per
claim. Under this legislation, vessel owners may be reimbursed the lower of 100% of their P&I insurance deductible or
$5,000.
The department projects that this will increase liability to the Fishermen's Fund by $16,100 per fiscal year. This projection
is based on an average for these types of claims filed between FY14 and FY17 of seven claims per year at an average cost
per claim of $2,300. Assuming that $2,300 is 50% of the deductible then the total would be $4,600. Under this scenario,
the cost increase to the Fishermen's Fund would be $2,300 per claim for a total of $16,100 per year. There is sufficient
revenue in the Fishermen's Fund to cover this increased liability.
(Revised 11/19/18 OMB/LFD) Page 2 of 2
SB061-DOLWD-FF-03-01-19 Page 2 of 2 Control Code: Wgpwu


Statutes affected:
SB0061A, AM SB 61, introduced 02/18/2019, passed House 05/08/2019, passed Senate 04/17/2019: 23.35.145
SB0061Z, AM Enrolled SB 61, introduced 05/08/2019: 23.35.145