ADMINISTRATIVE PROCEDURE: Provides for fiscal and economic impact statements under the Administrative Procedure Act. (8/1/25) (EN SEE FISC NOTE GF EX)
What changed between versions
Added a mandatory approval process requiring legislative oversight subcommittees to determine that actions with significant fiscal or economic impacts are acceptable before they take effect.
Defined specific thresholds for triggering the approval requirement: estimated annual costs of $200,000 or more, or total costs of $600,000 or more over three years.
Established a thirty-day deadline for legislative committees to conduct hearings on proposed actions to determine their acceptability.
Created an exception where proposed actions can take effect immediately if a committee fails to hold a required hearing within the deadline and the Governor deems the action acceptable in writing.
Removed draft amendment instructions, page references, and editorial notes, replacing them with the final enacted statutory language.