SB 661: relative to pooled risk management programs.
SB 661 status: Introduced — Veto Sustained 08/19/2026: RC 84-216 Lacking Necessary Two-Thirds Vote HJ 16 (updated Aug 19, 2026).
What this bill does
Overall score
Bill summary
OfficialThis bill would allow groups (like local governments or businesses) to combine their money to help cover insurance costs. It is currently being debated in the Senate.
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy.
Risks
- No direct impact on environmental policy.
Economy
Benefits
- Increases solvency of risk pools.
- Reduces long-term risk of pool bankruptcy.
Risks
- Increases operational costs for local government pools.
- Mandates potential pro-rata financial assessments on municipalities.
Society
Benefits
- Enhances transparency for public entities.
- Standardizes actuarial health checks for public risk pools.
Risks
- Potential for unexpected local tax hikes to cover pool deficiencies.
- Risk of service disruptions if municipalities must prioritize reserve replenishment.
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
Potential for sudden budget shocks to local governments due to mandatory pro-rata deficiency assessments.
Fiscal impact estimates on municipalities remain indeterminate.
Where it stands
Introduced
CurrentVeto Sustained 08/19/2026: RC 84-216 Lacking Necessary Two-Thirds Vote HJ 16
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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