Relating to the cost of implementing laws and regulations

HB 767 requires all bills to include a detailed fiscal note prepared by the legislative oversight division before committee action. The note must analyze the bill's cost to the state for two years, whether it duplicates existing programs, if federal mandates apply, impacts on local governments or small businesses (defined as entities with ≤50 full-time employees), and implementation labor hours. It also restricts changes to fiscal notes without committee approval and mandates collaboration with state agencies and legislative staff. This bill directly affects state agencies, local governments, and small businesses by standardizing cost assessments for all proposed legislation. The bill is currently pending in the House after passing committee votes.