Fiscal Impact Reports For Rules

Where it is in the process

Plain-English Summary

This bill requires the Legislative Finance Committee to prepare fiscal impact reports for executive agency rules that are expected to have a significant financial impact. These reports would be created upon request from legislative leaders, detailing the rule's costs, benefits, and authorizing statutes. A "significant fiscal impact" is defined as an annual effect of $10 million or more on the state or private industry.

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