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VA SB520

Bill

Status

Enrolled

2/27/2026

Primary Sponsor

Creigh Deeds

Click for details

Origin

Senate

2026 Regular Regular Session

AI Summary

  • Amends Virginia Code § 65.2-1201 to explicitly authorize payment of administrative costs from the Uninsured Employer's Fund, including third-party administrator fees, legal fees, medical audit fees, salaries, benefits, and other direct expenses

  • Specifies that administrative costs paid from the fund are not subject to recoupment under § 65.2-1204, meaning the state cannot recover these expenses from uninsured employers

  • Maintains the existing tax structure of up to 0.5% assessed on employers to fund compensation benefits for workers injured while employed by uninsured or self-insured employers

  • Retains the provision suspending the tax for any calendar year when the fund balance exceeds the next year's budgeted expenditures

Legislative Description

Uninsured Employer's Fund; administrative expenses.

Last Action

Governor's Action Deadline 11:59 p.m., April 13, 2026

3/10/2026

Committee Referrals

Labor and Commerce2/4/2026
Commerce and Labor1/13/2026

Full Bill Text

No bill text available