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S.B. 415
VETOES
(D) (1) IF THE APPROPRIATE EXECUTIVE OR LEGISLATIVE AGENCY
BRANCH AGENCY OR THE DEPARTMENT OF FISCAL SERVICES DETERMINES THAT A
BILL WILL HAVE MINIMAL OR NO ECONOMIC IMPACT ON SMALL BUSINESSES, THE
AGENCY OR DEPARTMENT OF FISCAL SERVICES SHALL INDICATE THAT
DETERMINATION BY A BRIEF WRITTEN STATEMENT.
(2) IF THE APPROPRIATE EXECUTIVE OR LEGISLATIVE AGENCY
BRANCH AGENCY OR THE DEPARTMENT OF FISCAL SERVICES DETERMINES THAT A
BILL WILL HAVE A MEANINGFUL ECONOMIC IMPACT ON SMALL BUSINESSES, THE
AGENCY OR DEPARTMENT OF FISCAL SERVICES SHALL DEVELOP A COMPLETE
WRITTEN ECONOMIC IMPACT ANALYSIS.
(3) (I) IF THE APPROPRIATE EXECUTIVE OR LEGISLATIVE AGENCY
BRANCH AGENCY OR THE DEPARTMENT OF FISCAL SERVICES DETERMINES THAT A
BILL WILL HAVE A MEANINGFUL ECONOMIC IMPACT ON SMALL BUSINESSES AND IS
UNABLE TO PROVIDE A COMPLETE WRITTEN ECONOMIC IMPACT ANALYSIS, THE
AGENCY OR DEPARTMENT OF FISCAL SERVICES SHALL PROVIDE A WRITTEN
EXPLANATION OF WHY THE AGENCY DETERMINED THAT THE BILL WILL HAVE A
MEANINGFUL ECONOMIC IMPACT.
(II) THE EXPLANATION MAY IDENTIFY THE IMPACT IN GENERAL
TERMS AND NEED NOT QUANTIFY THE SPECIFIC ECONOMIC IMPACT.
(E) THE ECONOMIC IMPACT ANALYSIS RATING AND THE ECONOMIC IMPACT
ANALYSIS REQUIRED UNDER THIS SECTION SHALL INCLUDE ESTIMATES DIRECTLY
RELATING TO THE FOLLOWING FACTORS, AS APPROPRIATE:
(1) COST OF PROVIDING GOODS AND SERVICES;
(2) EFFECT ON THE WORK FORCE;
(3) EFFECT ON THE COST OF HOUSING;
(4) EFFICIENCY IN PRODUCTION AND MARKETING;
(5) CAPITAL INVESTMENT, TAXATION, COMPETITION, AND ECONOMIC
DEVELOPMENT; AND
(6) CONSUMER CHOICE.
(F) (1) THE EXECUTIVE OR LEGISLATIVE AGENCY BRANCH, AGENCY OR
THE DEPARTMENT OF FISCAL SERVICES PREPARING THE ECONOMIC IMPACT
ANALYSIS RATING AND THE ECONOMIC IMPACT ANALYSIS REQUIRED UNDER THIS
SECTION SHALL CONSULT WITH, AS APPROPRIATE:
(1) (I) OTHER UNITS OF STATE GOVERNMENT;
(2) (II) UNITS OF LOCAL GOVERNMENT; AND
(3) (III) BUSINESS, TRADE, CONSUMER, LABOR, AND OTHER GROUPS
IMPACTED BY OR HAVING AN INTEREST IN THE LEGISLATION.
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