State of Alaska
Fiscal Note
Bill Version: CSSB 93(L&C) am
2024 Legislative Session
Fiscal Note Number: 2
(H) Publish Date: 3/27/2024
Identifier: SB093-DOLWD-FF-01-04-24 Department: Department of Labor and Workforce Development
Title: FISHERMEN'S FUND: VESSEL OWNER CLAIMS Appropriation: Workers' Compensation
Sponsor: LABOR & COMMERCE Allocation: Fishermen's Fund
Requester: (S) L&C OMB Component Number: 343
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2025 Governor's
Appropriation FY2025 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
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 (FY2024) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2025) 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If yes, by what date are the regulations to be adopted, amended or repealed?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:
Updated from SLA2023 to SLA2024 fiscal note template.
Prepared By: Charles Collins, Director Phone: (907)465-2790
Division: Workers' Compensation Division Date: 01/04/2024 02:13 PM
Approved By: Dan DeBartolo, Director Date: 01/08/24
Agency: DOLWD Administrative Services Division
Printed 3/26/2024 Page 1 of 2 Control Code: TKWdG
 CSSB 93(L&C) am - Fiscal Note 2
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. SB 93
2024 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 10/31/2023 OMB/LFD) Page 2 of 2
SB093-DOLWD-FF-01-04-24 Page 2 of 2 Control Code: TKWdG


Statutes affected:
SB0093A, AM SB 93, introduced 03/08/2023: 23.35.145
SB0093B, AM CSSB 93(L&C), introduced 03/31/2023: 23.35.140, 23.35.145
SB0093Z, AM Enrolled SB 93, introduced 03/28/2024: 23.35.140, 23.35.145, 23.35.150