The act requires the fiscal impact statement and ballot information booklet entry for the following types of initiated measures to include a description of the measure's likely effect on the 3 largest areas of program expenditure of the state:
A measure that increases state expenditures, except for de minimis and administrative expenditures, and that does not identify and provide for a sufficient source of revenue or sufficient reductions in state spending to account for the increased expenditures; and
A measure that requires existing revenue sources to be reallocated and spent in a particular way.
     The act also modifies existing required language for ballot titles and the ballot information booklet for certain initiated measures to mirror the language used in the act.
(Note: This summary applies to this bill as enacted.)

Statutes affected:
Signed Act (06/03/2026): 1-40-106, 1-40-124.5