Legislature: reports; fiscal note on the financial impact of legislation to local governments; require.

This Michigan bill amends the Legislative Council Act to require state fiscal agencies in both the House and Senate to include specific estimates of costs for local governments in their financial analyses of bills. The new requirement mandates that these analyses detail the direct and indirect expenses local units of government would incur to comply with state laws or regulations created by the legislation. To ensure accuracy, the bill stipulates that these cost estimates must be developed in part through consultations with representatives from the affected local governments. These updated fiscal notes must be provided to committee clerks and made available to the public on the internet, with revisions required if the bill text changes.