HI HB1830

Establishes a state self-insurance against property and casualty risks special fund administered by the comptroller to cover property damage and casualty losses for state agencies.

Creates a new funding mechanism where the comptroller can assess state agencies for losses up to established deductibles and can establish deductibles for certain perils or classes of property risks.

Requires the Department of Budget and Finance to conduct an actuarial study on the economic impact, operational requirements, and viability of the self-insurance program and submit findings to the legislature by January 20, 2023.

Appropriates unspecified amounts from general revenues for fiscal year 2022-2023 to establish the special fund and conduct the required actuarial study.

Delays implementation of the self-insurance program to January 1, 2030, pending results of the actuarial study and subsequent legislative action.