Text: HSB00534                          Text: HSB00536
Text: HSB00500 - HSB00599               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 535

Bill Text

PAG LIN
  1  1    Section 1.  Section 17A.4, subsection 3, Code Supplement
  1  2 2003, is amended to read as follows:
  1  3    3.  Any notice of intended action or rule filed without
  1  4 notice pursuant to subsection 2, which necessitates additional
  1  5 annual expenditures of at least one hundred thousand dollars
  1  6 or combined expenditures of at least five hundred thousand
  1  7 dollars within five years by all affected persons, including
  1  8 the agency itself, shall be accompanied by a fiscal impact
  1  9 statement outlining the expenditures shall be accompanied by
  1 10 an economic impact statement analyzing the impact that notice
  1 11 of intended action or rule filed without notice will have on
  1 12 all affected persons, including the agency itself.  The agency
  1 13 shall promptly deliver a copy of the statement to the
  1 14 legislative services agency.  To the extent feasible, the
  1 15 legislative services agency shall analyze the statement and
  1 16 provide a summary of that analysis to the administrative rules
  1 17 review committee.  If the agency has made a good faith effort
  1 18 to comply with the requirements of this subsection, the rule
  1 19 shall not be invalidated on the ground that the contents of
  1 20 the statement are insufficient or inaccurate.  
  1 21                           EXPLANATION
  1 22    In the current rulemaking process agencies must analyze the
  1 23 expenditures necessitated by a new rule if those expenses
  1 24 exceed $100,000 for one year or $500,000 over five years.
  1 25 This bill would revise and expand this process by requiring,
  1 26 for every new rule, an analysis of the actual economic impact
  1 27 that rule will have on the regulated public and the agency
  1 28 itself.  
  1 29 LSB 5430YH 80
  1 30 jr/sh/8
     

Text: HSB00534                          Text: HSB00536
Text: HSB00500 - HSB00599               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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