The bill enacted by the Louisiana Legislature introduces new provisions to the Administrative Procedure Act, specifically adding R.S. 49:961(E)(4). This new section mandates that any proposed action identified by the legislative fiscal office as likely to incur state expenditures or significant economic impacts—defined as costs to regulated entities of $200,000 or more annually or $600,000 over three years—cannot take effect without approval from the relevant legislative oversight subcommittees. However, if the fiscal office determines that the impact is less than or equal to the amounts specified in the fiscal note for the related legislation, this requirement does not apply.

Additionally, the bill outlines a process for exceptions to this approval requirement. A proposed action may proceed without committee approval if at least one oversight committee does not hold a hearing within thirty days of receiving the necessary report, and the governor provides written approval deeming the action acceptable. This legislation aims to enhance oversight and accountability regarding fiscal and economic impacts of proposed actions within the state.

Statutes affected:
SB59 Original: 49:961(A)(2), 49:962(D)(1), 49:962(E)
SB59 Engrossed: 49:961(A)(2)
SB59 Reengrossed: 49:961(A)(2)