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2020 SESSION
SB 986 Fiscal impact statements; Department of Planning and Budget to prepare.
Introduced by: Mark J. Peake | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Fiscal impact statements. Requires the Department of Planning and Budget (the Department) or an agency designated by the Department to prepare a fiscal impact statement for any bill and any amended version of a bill, except the Budget Bill and debt bills, that increases or decreases the total revenue available for appropriation or that establishes a new state program or initiative requiring an appropriation. The fiscal impact statement would include analysis of (i) the fiscal impact estimates, (ii) the impact on any state entity affected by the revenue increase or decrease or charged with administering the new program or initiative, (iii) the potential costs to citizens in terms of increased taxes, and (iv) any other information the Department or its designee deems appropriate. The bill also provides for each fiscal impact statement to be reviewed by the appropriate staff of the Senate Committee on Finance and Appropriations and the House Committee on Appropriations prior to being heard by the standing committee to consider the legislation.
FULL TEXT
HISTORY
- 01/15/20 Senate: Presented and ordered printed 20105417D
- 01/15/20 Senate: Referred to Committee on Rules
- 02/07/20 Senate: Passed by indefinitely in Rules (13-Y 1-N)