To provide compensation for livestock damaged by the state's wildlife. The bill directs the division of risk management in the Office of Financial Management to develop procedures to verify loss and provide compensation to people who have had livestock damaged by the state's wildlife. The division of risk management must ensure that people receive full value for the damaged livestock. Full value means the value of the livestock at slaughter or as sold at a public livestock market.   Official Text and Analysis.

But the bill did not receive a hearing by the cutoff date so it is considered a “dead bill” (although technically the bill could become active at any time during the 2003-2004 session).