The proposed bill, if enacted, would amend current statutes to require health profession regulatory boards and licensing authorities to conduct an annual review of their fees in a public meeting. Specifically, they would need to ascertain and disclose their fund balances, ensuring that these balances do not exceed two years of annual operating expenses plus an additional five percent. If the fund balance exceeds this allowable amount, the boards and authorities would be mandated to reduce or eliminate licensing or application fees until the fund balance is brought below the specified threshold.

Additionally, the bill expands the definition of "licensing authority" to include any state board that issues licenses, permits, certificates, or registrations, while explicitly excluding health profession regulatory boards and certain entities. This change aims to enhance transparency and accountability in fee management across various regulatory bodies, ensuring that excess funds are not retained unnecessarily and that fees are adjusted in accordance with the financial status of the boards and authorities.

Statutes affected:
Introduced Version: 32-3209.01
Senate Engrossed Version: 32-3209.01
House Engrossed Version: 32-1291.02, 32-3209.01