State of Alaska
Fiscal Note
Bill Version: CSHB 92(FSH)
2023 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 3/15/2023
Identifier: HB092-DOLWD-FF-03-03-23 Department: Department of Labor and Workforce Development
Title: FISHERMEN'S FUND: VESSEL OWNER CLAIMS Appropriation: Workers' Compensation
Sponsor: FISHERIES Allocation: Fishermen's Fund
Requester: (H) FSH OMB Component Number: 343
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2024 Governor's
Appropriation FY2024 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2024 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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 (FY2023) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2024) 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If yes, by what date are the regulations to be adopted, amended or repealed?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.
Prepared By: Charles Collins, Director Phone: (907)465-6059
Division: Workers' Compensation Date: 03/03/2023
Approved By: Dan DeBartolo, Director Date: 03/03/23
Agency: DOLWD Administrative Services
Printed 3/14/2023 Page 1 of 2 Control Code: POEgG
 CSHB 92(FSH) - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 92
2023 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 full amount of their protection and indemnity (P&I) insurance deductible or $5,000 per
claim, whichever is less. Under this legislation, the threshold for reimbursement is raised from the full amount of the
protection and indemnity (P&I) insurance deductible or $10,000 per claim, whichever is less.
The department projects that this will increase liability to the Fishermen's Fund by $20,600 per fiscal year. This projection
is based on an average for these types of claims filed between FY14 and FY22 of nine claims per year at an average cost
per claim of $2,300, a total of $20,600 per year. There is sufficient revenue in the Fishermen's Fund to cover this increased
liability.
(Revised 08/26/2022 OMB/LFD) Page 2 of 2
HB092-DOLWD-FF-03-03-23 Page 2 of 2 Control Code: POEgG


Statutes affected:
HB0092A, AM HB 92, introduced 03/01/2023: 23.35.145
HB0092B, AM CSHB 92(FSH), introduced 03/15/2023: 23.35.140, 23.35.145