Proposal to Exempt Work Comp Fund From Reserve Limit Heads to Senate

A bill that would exempt from a reserve limit the administrative account that covers costs of administering the state workers’ compensation system is heading to the Senate. The House of Representatives on Tuesday voted 62-1 to pass House Bill 1429, by Rep. Millie Hamner, D-Frisco. The bill, introduced April 25, would declare that the Workers’ Compensation Cash Fund is not subject to any limits in its reserves. Most state agency cash funds that end the fiscal year with reserves in excess of $200,000 are subject to a reserve limit equal to 16.5% of the money spent dur...