Bill No.: HB0016 Drafter: JWL

LSO No.: 06LSO-0158 Effective Date: 006

Enrolled Act No.: HEA0050

Chapter No.: 72

Prime Sponsor: Joint Transportation, Highways and Military Affairs Interim Committee

Catch Title: National guard life insurance contribution.

Subject: Reimbursement program for National Guard members' life insurance premium

Summary/Major Elements:  

· Creates a new program allowing the Military Department to reimburse members of the National Guard for the cost of service members group life insurance, up to $250,000 in coverage, if the member has served or is serving an enlistment of at least six years.

· Authorizes the adjutant general to adopt rules to implement the program.

· Contains a general fund appropriation of $1,150,500.00 to the Military Department.

COMMENT:

Creates major program – creates a new program within the Military department for life insurance premium reimbursements.