Lawmakers would receive cost estimates for most bills, and the oversight division would later compare estimates with actual results.
Most bills would get a fiscal note before lawmakers act on them. The note would estimate state costs and examine other listed effects.
After a law has been fully in effect for two years, the oversight division would compare its cost estimate with actual results. Required reporting would start when the law is enacted.
The committee would make laws and other approved measures available in print or online. A general republication would need a legislative resolution if it receives an appropriation.
The committee would prepare fiscal notes for most bills before lawmakers act on them. The requirement covers bills introduced in either chamber, except appropriation bills. Appropriation bills are excluded. The notes would estimate state costs and consider issues such as effects on local governments, facilities, and small businesses. The fiscal note must accompany a bill throughout its passage.
The oversight division would prepare a fiscal note comparing estimates with actual results. This applies to enacted legislation after it has been fully implemented for two years. The division would prepare the note after the legislation has been fully implemented for two years. Any reporting needed for the later comparison must begin when the legislation is enacted. The comparison applies after two years of full implementation; any reporting needed for it begins at enactment.
The committee would publish and distribute state laws in print or electronic form and could charge for statutes and related services. The provisions cover enacted laws, resolutions, constitutional amendments, and measures approved by voters, as well as republication of the Revised Statutes. A general republication funded by an appropriation would require a concurrent resolution from the General Assembly. If no specific appropriation is provided, the Statutory Revision Fund may cover listed publication costs. The committee would provide the collected materials after each session, with approval required for a general republication when an appropriation is provided.
No hearings or votes scheduled.